Arosa Capital Management LP Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Arosa Capital Management LP lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 42.9% during the third quarter, Holdings Channel.com reports. The firm owned 20,000 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Vertiv comprises 0.8% of Arosa Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding. Arosa Capital Management LP’s holdings in Vertiv were worth $1,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VRT. Anchor Investment Management LLC purchased a new stake in Vertiv in the 2nd quarter valued at $26,000. Mather Group LLC. lifted its position 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 buying an additional 200 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the third quarter valued at about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VRT shares. Bank of America raised their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup raised their price objective on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Mizuho boosted their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv currently has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Stock Performance

Shares of VRT stock opened at $127.60 on Monday. The company’s fifty day moving average price is $114.87 and its two-hundred day moving average price is $96.26. Vertiv Holdings Co has a 12 month low of $42.50 and a 12 month high of $145.67. The firm has a market capitalization of $47.89 billion, a P/E ratio of 85.07, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 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 for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,451 shares of company stock worth $26,699,153 in the last 90 days. 5.01% of the stock is currently owned by company insiders.

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.