Vertiv Holdings Co (NYSE:VRT) is New South Capital Management Inc.’s Largest Position

New South Capital Management Inc. decreased its position in Vertiv Holdings Co (NYSE:VRT) by 1.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,560,186 shares of the company’s stock after selling 38,660 shares during the period. Vertiv makes up about 10.4% of New South Capital Management Inc.’s holdings, making the stock its largest holding. New South Capital Management Inc.’s holdings in Vertiv were worth $254,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in shares of Vertiv during the 1st quarter worth $372,000. Oppenheimer & Co. Inc. lifted its position in Vertiv by 126.7% during the first quarter. Oppenheimer & Co. Inc. now owns 19,329 shares of the company’s stock worth $1,579,000 after buying an additional 10,801 shares during the period. Atomi Financial Group Inc. purchased a new position in Vertiv during the first quarter worth about $285,000. Inspire Investing LLC acquired a new stake in Vertiv in the 1st quarter worth about $907,000. Finally, US Bancorp DE grew its holdings in Vertiv by 25.7% in the 1st quarter. US Bancorp DE now owns 14,412 shares of the company’s stock valued at $1,177,000 after buying an additional 2,951 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Down 0.6 %

Shares of Vertiv stock opened at $126.03 on Tuesday. The company has a fifty day moving average price of $101.51 and a 200 day moving average price of $92.86. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $130.30. The stock has a market cap of $47.30 billion, a price-to-earnings ratio of 84.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid 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 dividend yield of 0.08%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI boosted 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 increased their target price on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, TD Cowen boosted their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $122.11.

About Vertiv

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.