Thompson Davis & CO. Inc. Has $428,000 Position in Vertiv Holdings Co (NYSE:VRT)

Thompson Davis & CO. Inc. cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the company’s stock after selling 250 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Vertiv were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in shares of Vertiv in the second quarter valued at $26,000. Mather Group LLC. lifted its stake in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv during the 3rd quarter worth about $30,000. Finally, OFI Invest Asset Management bought a new stake in shares of Vertiv in the 2nd quarter valued at about $34,000. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 14.6 %

Shares of Vertiv stock opened at $140.94 on Wednesday. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $141.12. The stock has a market cap of $52.90 billion, a PE ratio of 93.96, a PEG ratio of 1.31 and a beta of 1.58. The firm has a 50-day moving average of $107.65 and a 200-day moving average of $94.27. 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 data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling at Vertiv

In related 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 transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday. Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup raised their price target on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday. Evercore ISI upped their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv currently has a consensus rating of “Buy” and an average price target 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.