Bouvel Investment Partners LLC Cuts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Bouvel Investment Partners LLC lowered its position in Vertiv Holdings Co (NYSE:VRT) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,980 shares of the company’s stock after selling 133 shares during the period. Bouvel Investment Partners LLC’s holdings in Vertiv were worth $1,092,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in Vertiv in the 3rd quarter valued at about $29,000. Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the second quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the third quarter worth $30,000. Mather Group LLC. boosted its position in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Vertiv in the third quarter worth $36,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent analyst reports. Mizuho lifted their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer boosted their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised their price target on shares of Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen upped their price objective on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $125.40.

Vertiv Stock Performance

NYSE VRT opened at $124.54 on Thursday. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $130.30. The company’s 50 day simple moving average is $102.48 and its two-hundred day simple moving average is $93.08. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock has a market capitalization of $46.74 billion, a PE ratio of 83.03, a P/E/G ratio of 1.34 and a beta of 1.58.

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

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

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.