JBR Co Financial Management Inc Takes Position in Vertiv Holdings Co (NYSE:VRT)

JBR Co Financial Management Inc purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,897 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Coatue Management LLC boosted its position in Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after acquiring an additional 3,591,903 shares in the last quarter. Norges Bank purchased a new position in shares of Vertiv during the fourth quarter worth approximately $185,339,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after acquiring an additional 1,563,466 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 4.5 %

Shares of VRT traded up $3.30 during midday trading on Tuesday, hitting $76.24. 8,039,581 shares of the company’s stock traded hands, compared to its average volume of 8,825,596. Vertiv Holdings Co has a 1 year low of $32.38 and a 1 year high of $109.27. The firm’s fifty day moving average is $85.43 and its 200-day moving average is $81.79. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 71.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Buying and Selling

In related news, Director Doherty Philip O’ sold 1,089,669 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $103.34, for a total value of $112,606,394.46. Following the sale, the director now owns 8,234,512 shares in the company, valued at $850,954,470.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Doherty Philip O’ sold 1,089,669 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $103.34, for a total transaction of $112,606,394.46. Following the completion of the transaction, the director now owns 8,234,512 shares of the company’s stock, valued at $850,954,470.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roger Fradin sold 16,667 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the sale, the director now directly owns 218,333 shares in the company, valued at $22,676,065.38. The disclosure for this sale can be found here. Insiders sold 1,115,865 shares of company stock worth $115,378,949 in the last 90 days. Insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Bank of America raised their price target on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $96.22.

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.