JBR Co Financial Management Inc Has $494,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

JBR Co Financial Management Inc increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 71.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,961 shares of the company’s stock after acquiring an additional 2,064 shares during the period. JBR Co Financial Management Inc’s holdings in Vertiv were worth $494,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the 2nd quarter worth $331,091,000. Price T Rowe Associates Inc. MD increased its stake in Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the period. Vanguard Group Inc. raised its holdings in Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after acquiring an additional 1,766,784 shares in the last quarter. Castle Hook Partners LP bought a new stake in shares of Vertiv in the 1st quarter worth approximately $135,987,000. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after purchasing an additional 1,563,466 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

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 sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VRT. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Evercore ISI boosted their price target on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. The Goldman Sachs Group lowered their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $106.89.

Vertiv Trading Up 4.1 %

VRT traded up $4.37 during midday trading on Friday, reaching $111.84. 6,544,990 shares of the company were exchanged, compared to its average volume of 8,384,846. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a market capitalization of $41.96 billion, a P/E ratio of 87.38, a PEG ratio of 1.42 and a beta of 1.59. The stock’s 50-day simple moving average is $86.08 and its 200 day simple moving average is $88.20. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $112.07.

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

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is 7.81%.

About Vertiv

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.