Royce & Associates LP Has $9 Million Position in Vertiv Holdings Co (NYSE:VRT)

Royce & Associates LP lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,458 shares of the company's stock after selling 9,716 shares during the period. Royce & Associates LP's holdings in Vertiv were worth $9,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Clearbridge Investments LLC grew its position in Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock worth $221,013,000 after acquiring an additional 340,639 shares during the period. Whittier Trust Co. lifted its stake in Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after buying an additional 8,579 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of Vertiv during the third quarter worth approximately $8,403,000. Assenagon Asset Management S.A. raised its holdings in Vertiv by 190.7% during the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company's stock worth $5,564,000 after purchasing an additional 36,684 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in Vertiv by 42.4% in the third quarter. Entropy Technologies LP now owns 31,839 shares of the company's stock valued at $3,168,000 after acquiring an additional 9,479 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

NYSE:VRT traded up $2.15 during trading hours on Monday, reaching $123.02. The company had a trading volume of 7,582,138 shares, compared to its average volume of 8,169,796. The firm has a market capitalization of $46.17 billion, a PE ratio of 82.01, a PEG ratio of 1.31 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. The stock has a 50-day moving average of $105.37 and a two-hundred day moving average of $93.71. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30.

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

Vertiv Increases Dividend

The firm 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 represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is a boost from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is presently 6.67%.

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 stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company's stock, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.01% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Bank of America boosted their price target on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. TD Cowen raised their target price on Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th. Finally, Oppenheimer lifted their price objective on shares of Vertiv from $115.00 to $121.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has an average rating of "Buy" and a consensus price target of $125.40.

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.