Paloma Partners Management Co Invests $495,000 in Vertiv Holdings Co (NYSE:VRT)

Paloma Partners Management Co acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,975 shares of the company’s stock, valued at approximately $495,000.

A number of other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers grew its holdings in Vertiv by 513.6% during the first quarter. Cetera Investment Advisers now owns 57,311 shares of the company’s stock valued at $4,681,000 after purchasing an additional 47,971 shares during the last quarter. Cetera Advisors LLC grew its stake in Vertiv by 41.1% in the 1st quarter. Cetera Advisors LLC now owns 9,252 shares of the company’s stock valued at $756,000 after buying an additional 2,695 shares during the last quarter. GAMMA Investing LLC raised its holdings in Vertiv by 44.3% in the 2nd quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $82,000 after acquiring an additional 289 shares during the period. Mather Group LLC. lifted its position in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its holdings in Vertiv by 77.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 10,790 shares of the company’s stock valued at $934,000 after acquiring an additional 4,713 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 0.9 %

Shares of Vertiv stock opened at $128.14 on Wednesday. The company’s fifty day moving average price is $116.11 and its two-hundred day moving average price is $96.69. The firm has a market capitalization of $48.10 billion, a PE ratio of 85.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. Vertiv Holdings Co has a 52-week low of $43.66 and a 52-week high of $145.67. 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 results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 over the last three months. 5.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Jefferies Financial Group began coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Citigroup boosted their target price on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI increased their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $138.50.

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.