Xponance Inc. Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Xponance Inc. raised its position in Vertiv Holdings Co (NYSE:VRT) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,984 shares of the company’s stock after purchasing an additional 426 shares during the period. Xponance Inc.’s holdings in Vertiv were worth $720,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VRT. CWM LLC boosted its holdings in Vertiv by 90.5% in the 3rd quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $157,000 after purchasing an additional 2,010 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Vertiv by 30.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock worth $61,000 after acquiring an additional 366 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $542,000. Commonwealth Equity Services LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $2,241,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Vertiv by 5.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock worth $1,789,000 after acquiring an additional 2,548 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by insiders.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $93.49 on Friday. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 89.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. The company has a 50-day moving average price of $76.51 and a 200-day moving average price of $57.47. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv Holdings Co has a 12 month low of $13.73 and a 12 month high of $95.32.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.31 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s payout ratio is currently 9.62%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VRT shares. Citigroup boosted their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer boosted their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI boosted their price target on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Mizuho boosted their price target on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

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.