7,326 Vertiv Holdings Co. $VRT Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in Vertiv Holdings Co. (NYSE:VRT) by 41.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,995 shares of the company’s stock after purchasing an additional 7,326 shares during the quarter. International Assets Investment Management LLC’s holdings in Vertiv were worth $6,152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VRT. Sachetta LLC lifted its position in shares of Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after purchasing an additional 36 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 49 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in Vertiv in the 3rd quarter valued at approximately $35,000. GoalVest Advisory LLC increased its position in Vertiv by 87.3% in the 2nd quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after buying an additional 69 shares during the period. Finally, Center for Financial Planning Inc. increased its position in Vertiv by 554.2% in the 1st quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after buying an additional 133 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vertiv

In other news, Director Edward Monser sold 15,287 shares of the business’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 directly owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Vertiv Stock Up 3.3%

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

Vertiv (NYSE:VRT) last issued its quarterly 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 firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.75 billion. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The company’s quarterly revenue was up 61.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co. will post 7.17 earnings per share for the current year.

Vertiv Dividend Announcement

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

Key Stories Impacting 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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VRT. Jefferies Financial Group cut their price target on Vertiv from $320.00 to $245.00 and set a “hold” rating for the company in a report on Thursday, July 30th. BNP Paribas Exane lowered their price objective on shares of Vertiv from $380.00 to $365.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Glj Research lowered their price objective 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. Piper Sandler set a $375.00 target price on shares of Vertiv in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their target price on shares of Vertiv from $323.00 to $351.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $337.78.

About Vertiv

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.