Vertiv Holdings Co (NYSE:VRT) Shares Sold by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the company's stock after selling 5,000 shares during the period. Vertiv accounts for about 0.7% of Caldwell Investment Management Ltd.'s holdings, making the stock its 28th biggest position. Caldwell Investment Management Ltd.'s holdings in Vertiv were worth $984,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VRT. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at $26,000. Mather Group LLC. increased its holdings in shares of Vertiv by 132.5% in the 2nd 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 shares of Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the third quarter worth about $30,000. Finally, OFI Invest Asset Management acquired a new position in Vertiv during the second quarter worth about $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Vertiv 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 value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.01% of the company's stock.

Vertiv Stock Up 14.6 %

Shares of NYSE:VRT traded up $17.92 during midday trading on Tuesday, hitting $140.94. 14,833,821 shares of the company's stock traded hands, compared to its average volume of 8,199,526. The firm's fifty day moving average price is $107.65 and its two-hundred day moving average price is $94.27. The company has a market cap of $52.90 billion, a PE ratio of 93.96, a P/E/G ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $141.12. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business's quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VRT shares. Evercore ISI boosted their price target on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday. Bank of America raised 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, October 24th. UBS Group started coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective on the stock. Finally, Citigroup upped their price objective on shares of Vertiv from $134.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $138.50.

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.