Vertiv Holdings Co. $VRT Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 220,111 shares of the company’s stock after selling 13,443 shares during the period. Commonwealth Equity Services LLC’s holdings in Vertiv were worth $53,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its holdings in Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after buying an additional 704,970 shares during the period. Wellington Management Group LLP boosted its position in Vertiv by 14.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after acquiring an additional 468,380 shares in the last quarter. Legal & General Group Plc boosted its position in Vertiv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after acquiring an additional 23,444 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Vertiv by 1.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after acquiring an additional 51,328 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Vertiv by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock worth $604,059,000 after acquiring an additional 608,176 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 3.3%

NYSE:VRT opened at $182.49 on Friday. Vertiv Holdings Co. has a one year low of $147.82 and a one year high of $379.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.01. The company’s 50-day simple moving average is $236.97 and its 200 day simple moving average is $269.74. The firm has a market capitalization of $70.26 billion, a P/E ratio of 34.11, a PEG ratio of 0.58 and a beta of 2.11.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The business’s revenue was up 61.2% compared to the same quarter last year. As a group, analysts forecast that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 14th. Vertiv’s payout ratio is currently 4.67%.

Vertiv News Summary

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv’s recent quarter reportedly beat revenue estimates by about $550 million, delivered record results and came with raised guidance. One Wall Street team argues the selloff may overstate the threat because orders have not yet been affected. Vertiv Beat by $550 Million Last Week. It Has Lost 23% Since Tuesday’s Vote Vertiv Suffered a Near 40% Drop Over 6 Months
• Positive Sentiment: A report says Vertiv has locked in three years of AI power-chip supply. Securing supply could help the company serve continued demand for data-center infrastructure. Vertiv Holdings Co Locked In Three Years Of AI Power Chip Supply
• Neutral Sentiment: Zacks describes VRT as a strong growth stock, but its article highlights a research-service stock-rating framework rather than a new company development. Here’s Why Vertiv Holdings Co. Is a Strong Growth Stock
• Negative Sentiment: The main near-term pressure is concern that the election outcome and potential data-center permitting limits, including a reported Texas permit freeze, could restrain AI infrastructure spending. The reports indicate this is a prospective risk; they do not establish that Vertiv’s orders have declined. Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broader weakness in AI-related stocks and ETFs may be adding to pressure on VRT, while the article notes the shares have lost about 23% since Tuesday’s vote. Some of the Year’s Hottest AI ETFs Are in Big Trouble Today

Insider Activity at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the sale, the director owned 16,500 shares in the company, valued at $4,188,030. This represents a 48.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VRT shares. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. BNP Paribas Exane lowered their target price on Vertiv from $380.00 to $365.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. KeyCorp dropped their price target on Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Citigroup upped their price target on Vertiv from $358.00 to $362.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Finally, Glj Research decreased their price objective on Vertiv from $188.00 to $187.00 and set a “sell” rating for the company in a report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average price target of $337.78.

Vertiv Profile

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems.

The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.