BluePath Capital Management LLC Invests $205,000 in Vertiv Holdings Co (NYSE:VRT)

BluePath Capital Management LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the third quarter, HoldingsChannel reports. The institutional investor bought 2,060 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VRT. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Vertiv by 13.9% in the 1st 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. Norden Group LLC acquired a new stake in Vertiv in the 1st quarter worth about $266,000. Maryland State Retirement & Pension System raised its stake in Vertiv by 2.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 26,926 shares of the company’s stock worth $2,162,000 after purchasing an additional 748 shares in the last quarter. Principal Financial Group Inc. raised its stake in Vertiv by 29.9% in the 1st quarter. Principal Financial Group Inc. now owns 29,419 shares of the company’s stock worth $2,403,000 after purchasing an additional 6,773 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in Vertiv in the 1st quarter worth about $700,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 2.2 %

NYSE:VRT opened at $106.90 on Friday. The firm’s 50 day simple moving average is $96.92 and its 200 day simple moving average is $91.13. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.00. Vertiv Holdings Co has a one year low of $38.68 and a one year high of $116.41. The company has a market cap of $40.10 billion, a PE ratio of 71.27, a P/E/G ratio of 1.22 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s 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 transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VRT. Citigroup raised their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group decreased 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. Jefferies Financial Group began coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. TD Cowen raised their target price on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” 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 report on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $122.11.

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.