Coldstream Capital Management Inc. Boosts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Coldstream Capital Management Inc. grew its position in Vertiv Holdings Co (NYSE:VRT) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,134 shares of the company’s stock after buying an additional 468 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Vertiv were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRT. Anchor Investment Management LLC purchased a new position in Vertiv in the 2nd quarter valued at $26,000. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Vertiv during the 3rd quarter valued at about $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VRT. Barclays began coverage on Vertiv in a report on Thursday. They set an “equal weight” rating and a $142.00 target price on the stock. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Bank of America raised their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $140.09.

Vertiv Price Performance

Shares of VRT opened at $125.73 on Friday. The firm has a 50-day simple moving average of $120.45 and a two-hundred day simple moving average of $98.21. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $44.31 and a 1-year high of $145.67. The stock has a market cap of $47.19 billion, a PE ratio of 83.82, a P/E/G ratio of 1.29 and a beta of 1.61.

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

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 in the last three months. 5.01% of the stock is owned by company insiders.

Vertiv 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.