Aureus Asset Management LLC Makes New $266,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Aureus Asset Management LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,673 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Vertiv in the second quarter valued at approximately $26,000. Mather Group LLC. increased its holdings in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the third quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC grew 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 valued at $30,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 0.4 %

NYSE VRT opened at $127.04 on Tuesday. Vertiv Holdings Co has a one year low of $43.66 and a one year high of $145.67. The company has a market cap of $47.68 billion, a P/E ratio of 84.69, a P/E/G ratio of 1.31 and a beta of 1.58. The business has a fifty day moving average price of $114.87 and a 200 day moving average price of $96.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

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

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VRT shares. Bank of America upped 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. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Evercore ISI boosted their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their target price on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv has a consensus rating of “Buy” and an average target price of $138.50.

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.