Vertiv Holdings Co. $VRT Stock Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 13.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 99,397 shares of the company’s stock after buying an additional 11,831 shares during the quarter. Kestra Advisory Services LLC’s holdings in Vertiv were worth $23,985,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Sachetta LLC boosted its position in Vertiv by 41.4% during the first quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after buying an additional 36 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Vertiv by 60.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after acquiring an additional 49 shares during the period. Burkett Financial Services LLC purchased a new stake in Vertiv during the 3rd quarter valued at about $35,000. Center for Financial Planning Inc. grew its position in Vertiv by 554.2% during the 1st quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares during the last quarter. Finally, Ravenstone Capital Management Inc. bought a new position in Vertiv during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 3.3%

NYSE VRT opened at $182.49 on Friday. Vertiv Holdings Co. has a 1 year low of $147.82 and a 1 year high of $379.93. The stock has a market capitalization of $70.26 billion, a PE ratio of 34.11, a PEG ratio of 0.58 and a beta of 2.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.01. The business’s 50-day moving average is $236.97 and its 200 day moving average is $269.74.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company posted $1.24 EPS. Vertiv’s quarterly revenue was up 61.2% compared to the same quarter last year. Sell-side analysts forecast that Vertiv Holdings Co. will post 7.17 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is 4.67%.

Insider Activity

In related news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares in the company, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VRT. HSBC decreased their price target on Vertiv from $376.00 to $365.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada increased their price objective on Vertiv from $323.00 to $351.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of Vertiv from a “buy” rating to a “strong-buy” rating in a report on Sunday. Glj Research decreased their target price on shares of Vertiv from $188.00 to $187.00 and set a “sell” rating on the stock in a research note on Monday, November 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Vertiv from $352.00 to $301.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $337.78.

Trending Headlines about Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv’s recent quarter reportedly beat revenue estimates by about $550 million, delivered record results and came with raised guidance. One Wall Street team argues the selloff may overstate the threat because orders have not yet been affected. Vertiv Beat by $550 Million Last Week. It Has Lost 23% Since Tuesday’s Vote Vertiv Suffered a Near 40% Drop Over 6 Months
• Positive Sentiment: A report says Vertiv has locked in three years of AI power-chip supply. Securing supply could help the company serve continued demand for data-center infrastructure. Vertiv Holdings Co Locked In Three Years Of AI Power Chip Supply
• Neutral Sentiment: Zacks describes VRT as a strong growth stock, but its article highlights a research-service stock-rating framework rather than a new company development. Here’s Why Vertiv Holdings Co. Is a Strong Growth Stock
• Negative Sentiment: The main near-term pressure is concern that the election outcome and potential data-center permitting limits, including a reported Texas permit freeze, could restrain AI infrastructure spending. The reports indicate this is a prospective risk; they do not establish that Vertiv’s orders have declined. Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broader weakness in AI-related stocks and ETFs may be adding to pressure on VRT, while the article notes the shares have lost about 23% since Tuesday’s vote. Some of the Year’s Hottest AI ETFs Are in Big Trouble Today

Vertiv Profile

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems.

The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.