Vertiv Holdings Co. $VRT Stock: International Private Wealth Advisors LLC Increases Position

International Private Wealth Advisors LLC increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 68.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,107 shares of the company’s stock after acquiring an additional 2,884 shares during the period. International Private Wealth Advisors LLC’s holdings in Vertiv were worth $1,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. State Street Corp lifted its position in shares of Vertiv by 4.5% during the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after purchasing an additional 704,970 shares in the last quarter. Wellington Management Group LLP grew its holdings in Vertiv by 14.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after purchasing an additional 468,380 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Vertiv by 1.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Vertiv by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock worth $604,059,000 after buying an additional 608,176 shares during the period. Finally, Legal & General Group Plc increased its stake in Vertiv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock worth $716,169,000 after buying an additional 23,444 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. HSBC cut their price objective on shares of Vertiv from $376.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, July 31st. KeyCorp lowered their target price on Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Morgan Stanley set a $330.00 target price on Vertiv in a research note on Friday, October 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $331.00 target price on shares of Vertiv in a research report on Thursday, October 29th. Finally, Piper Sandler set a $375.00 price target on Vertiv in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.70.

Key Headlines Impacting Vertiv

These are some of the VRT headlines that stood out recently:

• Positive Sentiment: A three-year supply agreement with Infineon Technologies is intended to secure power semiconductors for Vertiv’s AI-focused systems. Reliable access to key components could help the company meet demand as it expands its role in data-center power and cooling infrastructure. Does Earnings Beat Change The Bull Case For Vertiv?
• Neutral Sentiment: JPMorgan initiated coverage of VRT with a “Neutral” rating and a $240 price target. The target implies potential upside from the cited reference price, but the neutral rating signals that the bank sees a balanced risk-reward profile. JPMorgan Chase stock recommendations
• Negative Sentiment: AI-power and electrical-equipment shares have faced sharp swings, with investors weighing near-term concerns about the sector despite strong company results. JPMorgan sees room for an AI-stock rebound but remains cautious on electrical equipment, which could continue to constrain VRT’s valuation. JPMorgan sees potential AI stock rebound but remains cautious on electrical equipment

Vertiv Price Performance

VRT opened at $206.79 on Thursday. The company has a 50-day moving average of $233.57 and a 200-day moving average of $270.02. The company has a market capitalization of $79.63 billion, a P/E ratio of 31.03, a PEG ratio of 0.62 and a beta of 2.11. Vertiv Holdings Co. has a 1-year low of $147.82 and a 1-year high of $379.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 61.2% compared to the same quarter last year. Equities analysts expect that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

In other Vertiv 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 sale, 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

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.