LRI Investments LLC Sells 1,375 Shares of Vertiv Holdings Co (NYSE:VRT)

LRI Investments LLC trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 61.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 879 shares of the company’s stock after selling 1,375 shares during the quarter. LRI Investments LLC’s holdings in Vertiv were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the 2nd quarter valued at $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth about $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 3.5 %

VRT opened at $121.74 on Wednesday. Vertiv Holdings Co has a 12 month low of $44.31 and a 12 month high of $145.67. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average of $118.63 and a 200 day moving average of $97.58. The firm has a market cap of $45.69 billion, a P/E ratio of 81.16, a P/E/G ratio of 1.38 and a beta of 1.61.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

VRT has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen boosted their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI increased their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $139.90.

Insider Buying and Selling

In related news, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. Company 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.