Arnhold LLC Has $10.06 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Arnhold LLC lowered its stake in Vertiv Holdings Co (NYSE:VRT) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,428 shares of the company’s stock after selling 337 shares during the quarter. Arnhold LLC owned approximately 0.05% of Vertiv worth $10,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its position in Vertiv by 182.4% during the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after buying an additional 30,511,907 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Vertiv by 12.1% during the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock worth $1,176,590,000 after purchasing an additional 3,417,710 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Vertiv by 1,032.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock worth $84,031,000 after purchasing an additional 2,059,431 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Vertiv in the third quarter valued at $69,482,000. Finally, Allspring Global Investments Holdings LLC raised its position in Vertiv by 2,223.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,467 shares of the company’s stock worth $67,015,000 after purchasing an additional 1,723,936 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Doherty Philip O’ sold 488,705 shares of Vertiv stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares in the company, valued at $1,108,747,391.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,362,790 shares of company stock valued at $306,451,347 over the last 90 days. Insiders own 5.62% of the company’s stock.

Vertiv Stock Down 1.9 %

Shares of VRT traded down $1.80 during trading hours on Tuesday, reaching $93.01. The stock had a trading volume of 11,003,037 shares, compared to its average volume of 8,260,333. The firm has a 50-day simple moving average of $77.77 and a 200 day simple moving average of $58.46. Vertiv Holdings Co has a 12 month low of $14.27 and a 12 month high of $95.70. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $35.53 billion, a price-to-earnings ratio of 89.43, a P/E/G ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Vertiv Holdings Co will post 2.38 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is presently 9.62%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRT. Mizuho upped their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday. Bank of America upped their target price on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Citigroup boosted their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Evercore ISI increased their price objective on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $81.11.

About Vertiv

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.