Qsemble Capital Management LP Has $666,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Qsemble Capital Management LP lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 78.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,694 shares of the company’s stock after selling 24,688 shares during the quarter. Qsemble Capital Management LP’s holdings in Vertiv were worth $666,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in Vertiv during the second quarter valued at $26,000. Mather Group LLC. grew its stake in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Vertiv in the third quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the third quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new position in shares of Vertiv during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Vertiv stock opened at $131.67 on Wednesday. Vertiv Holdings Co has a 12-month low of $41.01 and a 12-month high of $145.67. The stock has a 50-day simple moving average of $112.73 and a 200 day simple moving average of $95.67. The stock has a market capitalization of $49.42 billion, a price-to-earnings ratio of 87.78, a P/E/G ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 7.72% and a return on equity of 55.33%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is presently 6.67%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VRT. Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho raised their price objective 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 upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $138.50.

Insiders Place Their Bets

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,832 shares of company stock worth $15,346,000. 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.