Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lessened by Liberty One Investment Management LLC

Liberty One Investment Management LLC cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 41.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,810 shares of the company’s stock after selling 1,295 shares during the period. Liberty One Investment Management LLC’s holdings in Vertiv were worth $157,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VRT. Carnegie Investment Counsel bought a new stake in Vertiv in the 2nd quarter valued at about $302,000. SeaCrest Wealth Management LLC raised its holdings in shares of Vertiv by 18.1% during the second quarter. SeaCrest Wealth Management LLC now owns 14,166 shares of the company’s stock valued at $1,226,000 after buying an additional 2,167 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Vertiv by 35.8% during the second quarter. Pallas Capital Advisors LLC now owns 7,288 shares of the company’s stock valued at $602,000 after buying an additional 1,920 shares during the last quarter. Dakota Wealth Management grew its holdings in Vertiv by 106.9% in the 2nd quarter. Dakota Wealth Management now owns 72,524 shares of the company’s stock worth $6,278,000 after buying an additional 37,478 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in Vertiv in the 2nd quarter valued at approximately $438,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE:VRT traded down $2.37 on Tuesday, reaching $76.51. 5,955,384 shares of the company traded hands, compared to its average volume of 8,790,882. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.98. The stock has a market capitalization of $28.64 billion, a PE ratio of 73.50, a P/E/G ratio of 0.97 and a beta of 1.58. The company’s 50 day moving average is $84.26 and its 200-day moving average is $82.62. Vertiv Holdings Co has a fifty-two week low of $33.65 and a fifty-two week high of $109.27.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling

In other news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares in the company, valued at $752,296,488.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

VRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. TD Cowen raised their price objective on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Citigroup boosted their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Bank of America increased their price target on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv currently has an average rating of “Buy” and a consensus target price of $96.22.

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.