Davidson Capital Management Inc. Buys New Stake in Vertiv Holdings Co (NYSE:VRT)

Davidson Capital Management Inc. bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,496 shares of the company’s stock, valued at approximately $2,039,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Diversified Trust Co grew its stake in Vertiv by 76.6% during the first quarter. Diversified Trust Co now owns 8,145 shares of the company’s stock worth $665,000 after buying an additional 3,532 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in Vertiv by 66.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after buying an additional 200 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in Vertiv by 46.2% during the first quarter. SeaCrest Wealth Management LLC now owns 11,999 shares of the company’s stock worth $980,000 after buying an additional 3,793 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Vertiv by 13.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 805,087 shares of the company’s stock worth $65,751,000 after buying an additional 98,022 shares during the last quarter. Finally, Norden Group LLC bought a new stake in Vertiv during the first quarter worth about $266,000. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. TD Cowen upped their price objective on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America increased their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Citigroup increased their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI increased their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $122.11.

Vertiv Trading Up 0.2 %

NYSE VRT traded up $0.25 during trading hours on Tuesday, hitting $113.86. The company’s stock had a trading volume of 1,673,787 shares, compared to its average volume of 8,327,615. The stock has a fifty day moving average of $94.27 and a 200 day moving average of $90.46. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $42.71 billion, a P/E ratio of 108.89, a PEG ratio of 1.47 and a beta of 1.59. Vertiv Holdings Co has a twelve month low of $36.40 and a twelve month high of $116.41.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s payout ratio is 9.62%.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.