Elite Wealth Management Inc. Makes New $3.03 Million Investment in Vertiv Holdings Co. $VRT

Elite Wealth Management Inc. acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 12,571 shares of the company’s stock, valued at approximately $3,034,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Planning Partners Inc. bought a new position in Vertiv in the 3rd quarter valued at about $953,000. Formidable Asset Management LLC boosted its stake in Vertiv by 0.6% during the 3rd quarter. Formidable Asset Management LLC now owns 9,014 shares of the company’s stock valued at $2,175,000 after purchasing an additional 50 shares during the last quarter. Plancorp LLC boosted its stake in Vertiv by 9.6% during the 3rd quarter. Plancorp LLC now owns 5,285 shares of the company’s stock valued at $1,229,000 after purchasing an additional 462 shares during the last quarter. Alps Advisors Inc. increased its holdings in Vertiv by 16.3% during the 3rd quarter. Alps Advisors Inc. now owns 14,571 shares of the company’s stock worth $3,516,000 after purchasing an additional 2,038 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Vertiv by 41.5% during the 3rd quarter. International Assets Investment Management LLC now owns 24,995 shares of the company’s stock worth $6,152,000 after purchasing an additional 7,326 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on VRT shares. Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Sanford C. Bernstein raised their target price on Vertiv from $368.00 to $376.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $325.00 price target (down from $353.00) on shares of Vertiv in a report on Thursday, July 30th. Finally, Bank of America decreased their price target on Vertiv from $440.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $337.78.

Vertiv Trading Down 0.2%

Shares of VRT stock opened at $182.49 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market capitalization of $70.27 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 0.58 and a beta of 2.11. Vertiv Holdings Co. has a 52-week low of $147.82 and a 52-week high of $379.93. The company has a 50-day simple moving average of $236.97 and a two-hundred day simple moving average of $269.74.

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

Vertiv Dividend Announcement

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

Trending Headlines about Vertiv

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 stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the sale, the director directly owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. This trade represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Vertiv Company 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.