Rowlandmiller & PARTNERS.ADV Sells 325 Shares of Vertiv Holdings Co (NYSE:VRT)

Rowlandmiller & PARTNERS.ADV lessened its position in Vertiv Holdings Co (NYSE:VRT) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,871 shares of the company’s stock after selling 325 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Vertiv were worth $2,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in Vertiv during the third quarter valued at approximately $29,000. Anchor Investment Management LLC bought a new position in Vertiv during the second quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new position in Vertiv during the third quarter valued at approximately $30,000. Atticus Wealth Management LLC bought a new position in Vertiv during the first quarter valued at approximately $27,000. Finally, Mather Group LLC. increased its holdings in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

VRT stock opened at $110.05 on Friday. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $116.41. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company has a fifty day simple moving average of $92.37 and a two-hundred day simple moving average of $89.83. The firm has a market capitalization of $41.20 billion, a P/E ratio of 105.82, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 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 the consensus estimate of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. Analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Analyst Ratings Changes

A number of analysts have commented on VRT shares. Oppenheimer upped their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group reduced their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho upped their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Buy” and an average target price of $122.11.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on 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 sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.01% of the stock is owned by company insiders.

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.