Vertiv Holdings Co. $VRT Stock Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. grew its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 716.8% during the third quarter, Holdings Channel reports. The institutional investor owned 6,837 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Vertiv were worth $1,650,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VRT. SFE Investment Counsel increased its position in shares of Vertiv by 1.1% in the 1st quarter. SFE Investment Counsel now owns 3,052 shares of the company’s stock valued at $765,000 after acquiring an additional 32 shares during the period. Versant Capital Management Inc lifted its holdings in Vertiv by 3.0% in the second quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock valued at $387,000 after acquiring an additional 34 shares during the period. Sachetta LLC boosted its position in Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after purchasing an additional 36 shares in the last quarter. Pincus Capital Management LP grew its stake in shares of Vertiv by 0.8% during the 1st quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock worth $1,181,000 after purchasing an additional 38 shares during the period. Finally, Capital Advisors Inc. OK grew its stake in shares of Vertiv by 2.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,484 shares of the company’s stock worth $497,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

VRT opened at $235.72 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The company has a market cap of $90.75 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 0.71 and a beta of 2.11. Vertiv Holdings Co. has a 52-week low of $147.82 and a 52-week high of $379.93. The firm’s fifty day simple moving average is $241.48 and its two-hundred day simple moving average is $269.54.

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

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 14th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is currently 4.67%.

Vertiv News Summary

Here are the key news stories impacting Vertiv this week:

Analysts Set New Price Targets

VRT has been the subject of several analyst reports. Glj Research decreased their target price on shares of Vertiv from $188.00 to $187.00 and set a “sell” rating for the company in a research note on Monday. Loop Capital cut their price objective on shares of Vertiv from $500.00 to $400.00 and set a “buy” rating for the company in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on shares of Vertiv from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Mizuho set a $300.00 target price on shares of Vertiv in a research note on Thursday, October 29th. Finally, Citigroup increased their price target on Vertiv from $358.00 to $362.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $337.78.

Check Out Our Latest Research Report on Vertiv

Insiders Place Their Bets

In related news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the sale, the director directly owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

About Vertiv

(Free Report)

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that supports data centers, communication networks and other facilities requiring reliable power and environmental control. Its solutions are used by cloud and colocation providers, telecommunications companies, enterprises, industrial organizations and edge-computing operators.

The company’s offerings include uninterruptible power supplies, power distribution and management systems, thermal-management and cooling equipment, integrated racks and enclosures, modular infrastructure, and monitoring and control software.

Further Reading

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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