Captrust Financial Advisors Purchases 10,306 Shares of Vertiv Holdings Co (NYSE:VRT)

Captrust Financial Advisors grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 22.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 55,278 shares of the company’s stock after buying an additional 10,306 shares during the period. Captrust Financial Advisors’ holdings in Vertiv were worth $5,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Icon Wealth Advisors LLC grew its position in Vertiv by 33.3% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,050 shares of the company’s stock valued at $204,000 after acquiring an additional 512 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of Vertiv during the third quarter valued at $42,036,000. Rockefeller Capital Management L.P. grew its holdings in shares of Vertiv by 26.1% in the third quarter. Rockefeller Capital Management L.P. now owns 261,613 shares of the company’s stock worth $26,028,000 after purchasing an additional 54,069 shares during the last quarter. Carl P. Sherr & Co. LLC increased its stake in Vertiv by 4.5% in the 3rd quarter. Carl P. Sherr & Co. LLC now owns 10,702 shares of the company’s stock worth $1,065,000 after buying an additional 456 shares during the period. Finally, Vinva Investment Management Ltd lifted its holdings in Vertiv by 91.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 91,067 shares of the company’s stock valued at $8,983,000 after buying an additional 43,596 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on VRT shares. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. TD Cowen raised their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $138.50.

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last ninety days. 5.01% of the stock is owned by insiders.

Vertiv Stock Performance

Shares of Vertiv stock opened at $127.04 on Tuesday. Vertiv Holdings Co has a one year low of $43.66 and a one year high of $145.67. The company has a market capitalization of $47.68 billion, a PE ratio of 84.69, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a 50-day simple moving average of $114.87 and a two-hundred day simple moving average of $96.26.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. Research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

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.