Janney Montgomery Scott LLC Has $16.79 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Janney Montgomery Scott LLC lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,716 shares of the company’s stock after selling 18,099 shares during the period. Janney Montgomery Scott LLC’s holdings in Vertiv were worth $16,786,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the second quarter worth $26,000. Mather Group LLC. raised its holdings in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the 3rd quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Vertiv during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 6.0 %

Shares of NYSE:VRT opened at $112.57 on Wednesday. The firm has a market cap of $42.25 billion, a price-to-earnings ratio of 75.05, a PEG ratio of 1.16 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. Vertiv Holdings Co has a 12 month low of $38.68 and a 12 month high of $116.41. The company’s fifty day simple moving average is $98.13 and its 200 day simple moving average is $91.70.

Vertiv (NYSE:VRT) 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. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. Vertiv’s payout ratio is 6.67%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VRT. Evercore ISI raised their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen increased 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. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv currently has an average rating of “Buy” and an average price target of $122.11.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by company insiders.

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.