KP Management LLC Purchases 7,500 Shares of Vertiv Holdings Co (NYSE:VRT)

KP Management LLC raised its position in Vertiv Holdings Co (NYSE:VRT) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,500 shares of the company’s stock after acquiring an additional 7,500 shares during the period. Vertiv comprises approximately 2.2% of KP Management LLC’s holdings, making the stock its 13th largest holding. KP Management LLC’s holdings in Vertiv were worth $6,716,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Diversified Trust Co lifted its position in Vertiv by 76.6% in the first quarter. Diversified Trust Co now owns 8,145 shares of the company’s stock worth $665,000 after purchasing an additional 3,532 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. Deepwater Asset Management LLC acquired a new stake in shares of Vertiv during the 1st quarter valued at about $1,592,000. SeaCrest Wealth Management LLC increased its stake in Vertiv by 46.2% in the first quarter. SeaCrest Wealth Management LLC now owns 11,999 shares of the company’s stock valued at $980,000 after acquiring an additional 3,793 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Vertiv by 13.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 805,087 shares of the company’s stock worth $65,751,000 after purchasing an additional 98,022 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho upped their price objective on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Citigroup lifted their price objective on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group lowered 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. Finally, Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $122.11.

Vertiv Trading Up 1.2 %

Shares of NYSE VRT opened at $113.55 on Monday. The company’s 50 day simple moving average is $93.57 and its 200 day simple moving average is $90.26. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv Holdings Co has a fifty-two week low of $36.40 and a fifty-two week high of $116.41. The firm has a market capitalization of $42.60 billion, a P/E ratio of 87.63, a P/E/G ratio of 1.47 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company 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. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 7.81%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.01% of the company’s stock.

Vertiv Company 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.