Emerald Advisers LLC Buys 1,024 Shares of Vertiv Holdings Co (NYSE:VRT)

Emerald Advisers LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 12.0% during the third quarter, HoldingsChannel reports. The fund owned 9,571 shares of the company’s stock after buying an additional 1,024 shares during the period. Emerald Advisers LLC’s holdings in Vertiv were worth $952,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Norden Group LLC bought a new stake in shares of Vertiv in the first quarter valued at about $266,000. Private Advisor Group LLC raised its holdings in shares of Vertiv by 40.1% in the first quarter. Private Advisor Group LLC now owns 29,703 shares of the company’s stock valued at $2,426,000 after purchasing an additional 8,504 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Vertiv by 838.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 137,977 shares of the company’s stock worth $11,269,000 after purchasing an additional 123,271 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Vertiv by 335.1% during the first quarter. Janney Montgomery Scott LLC now owns 36,508 shares of the company’s stock worth $2,982,000 after purchasing an additional 28,118 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Vertiv in the first quarter valued at $601,000. 89.92% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on VRT. TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Oppenheimer increased their price target on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Mizuho increased their price objective on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv presently has an average rating of “Buy” and a consensus target price of $122.11.

Vertiv Stock Down 2.2 %

VRT stock opened at $106.90 on Monday. Vertiv Holdings Co has a 1-year low of $38.68 and a 1-year high of $116.41. The business’s 50 day simple moving average is $96.92 and its 200 day simple moving average is $91.26. The company has a current ratio of 1.38, a quick ratio of 1.00 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $40.12 billion, a PE ratio of 71.27, a PEG ratio of 1.19 and a beta of 1.58.

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

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders 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 dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 6.67%.

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.