Centaurus Financial Inc. Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Centaurus Financial Inc. bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,075 shares of the company’s stock, valued at approximately $405,000.

A number of other hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake in Vertiv by 232.9% in the third quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock valued at $83,000 after acquiring an additional 587 shares in the last quarter. Swedbank AB lifted its holdings in shares of Vertiv by 23.2% in the 3rd quarter. Swedbank AB now owns 830,996 shares of the company’s stock valued at $82,676,000 after purchasing an additional 156,503 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Vertiv by 135.3% in the 3rd quarter. Penserra Capital Management LLC now owns 44,942 shares of the company’s stock valued at $4,470,000 after purchasing an additional 25,844 shares during the period. Algert Global LLC purchased a new position in Vertiv during the 3rd quarter worth approximately $518,000. Finally, Cerity Partners LLC increased its position in Vertiv by 25.5% during the third quarter. Cerity Partners LLC now owns 44,729 shares of the company’s stock worth $4,450,000 after buying an additional 9,086 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.3 %

Shares of Vertiv stock opened at $131.67 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market cap of $49.42 billion, a price-to-earnings ratio of 87.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67. The company’s 50-day simple moving average is $112.73 and its 200-day simple moving average is $95.67.

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

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup increased their price target on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group raised 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. Ten investment 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 an average price target of $138.50.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,832 shares of company stock worth $15,346,000. Corporate insiders own 5.01% of the company’s stock.

Vertiv 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.