Highlander Partners L.P. Has $35.84 Million Position in Vertiv Holdings Co (NYSE:VRT)

Highlander Partners L.P. increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,941 shares of the company’s stock after purchasing an additional 2,700 shares during the quarter. Vertiv comprises about 23.8% of Highlander Partners L.P.’s portfolio, making the stock its biggest position. Highlander Partners L.P. owned 0.11% of Vertiv worth $35,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL increased its position in Vertiv by 97.3% in the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock worth $594,000 after purchasing an additional 3,382 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Vertiv by 14.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,407 shares of the company’s stock worth $1,913,000 after buying an additional 2,897 shares during the last quarter. Amalgamated Bank lifted its holdings in Vertiv by 18.2% in the second quarter. Amalgamated Bank now owns 24,195 shares of the company’s stock valued at $2,095,000 after buying an additional 3,734 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Vertiv by 166.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock valued at $1,015,000 after acquiring an additional 7,327 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC acquired a new stake in Vertiv during the 2nd quarter worth $1,087,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the topic of several recent research reports. Evercore ISI restated an “outperform” rating and issued a $105.00 price target on shares of Vertiv in a research report on Thursday, August 15th. TD Cowen boosted their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv has an average rating of “Buy” and an average target price of $102.13.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.01% of the company’s stock.

Vertiv Trading Up 0.3 %

NYSE:VRT opened at $87.28 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The business’s 50-day simple moving average is $79.54 and its 200-day simple moving average is $85.02. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27. The stock has a market capitalization of $32.67 billion, a PE ratio of 83.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Sell-side analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Tuesday, September 17th. Vertiv’s dividend payout ratio is 9.62%.

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.