Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 172.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,382 shares of the company’s stock after acquiring an additional 19,879 shares during the period. Qsemble Capital Management LP’s holdings in Vertiv were worth $2,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VRT. Private Advisor Group LLC acquired a new stake in Vertiv in the fourth quarter valued at $1,018,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Vertiv during the fourth quarter worth $1,062,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vertiv by 104.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 307,920 shares of the company’s stock worth $14,032,000 after purchasing an additional 157,171 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Vertiv by 6.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,331 shares of the company’s stock worth $1,025,000 after purchasing an additional 1,246 shares during the period. Finally, Baader Bank Aktiengesellschaft raised its holdings in shares of Vertiv by 133.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 19,166 shares of the company’s stock worth $919,000 after purchasing an additional 10,947 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRT has been the topic of a number of research reports. TD Cowen increased their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Bank of America increased their target price on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Evercore ISI reissued an “outperform” rating and set a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. Finally, Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $96.22.

Vertiv Stock Up 9.2 %

VRT stock opened at $82.39 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27. The firm’s 50-day simple moving average is $80.01 and its 200 day simple moving average is $84.36. The stock has a market cap of $30.84 billion, a PE ratio of 79.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58.

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

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 9.62%.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated 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 in the company, valued at approximately $843,254.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.01% of the stock is currently owned by insiders.

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.