Vertiv Holdings Co. $VRT Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. trimmed its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 22.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 583,474 shares of the company’s stock after selling 167,890 shares during the quarter. Vertiv accounts for about 9.6% of New South Capital Management Inc.’s portfolio, making the stock its largest position. New South Capital Management Inc.’s holdings in Vertiv were worth $140,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Jacobi Capital Management LLC raised its stake in shares of Vertiv by 4.2% during the third quarter. Jacobi Capital Management LLC now owns 3,190 shares of the company’s stock valued at $770,000 after acquiring an additional 129 shares during the last quarter. International Private Wealth Advisors LLC lifted its holdings in shares of Vertiv by 68.3% during the third quarter. International Private Wealth Advisors LLC now owns 7,107 shares of the company’s stock worth $1,715,000 after purchasing an additional 2,884 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of Vertiv during the third quarter worth $426,000. DSG Capital Advisors LLC grew its stake in shares of Vertiv by 25.8% in the third quarter. DSG Capital Advisors LLC now owns 10,355 shares of the company’s stock worth $2,499,000 after purchasing an additional 2,126 shares during the last quarter. Finally, 626 Financial LLC grew its stake in shares of Vertiv by 8.6% in the third quarter. 626 Financial LLC now owns 850 shares of the company’s stock worth $205,000 after purchasing an additional 67 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Up 6.5%

Vertiv stock opened at $206.79 on Thursday. The firm has a market cap of $79.63 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 0.62 and a beta of 2.11. Vertiv Holdings Co. has a 52-week low of $147.82 and a 52-week high of $379.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39. The firm has a 50 day moving average price of $233.57 and a two-hundred day moving average price of $270.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 61.2% on a year-over-year basis. Equities analysts predict that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 14th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 14th. Vertiv’s dividend payout ratio (DPR) is currently 4.67%.

Trending Headlines about Vertiv

Investors following VRT have been watching these headlines:

• Positive Sentiment: A three-year supply agreement with Infineon Technologies is intended to secure power semiconductors for Vertiv’s AI-focused systems. Reliable access to key components could help the company meet demand as it expands its role in data-center power and cooling infrastructure. Does Earnings Beat Change The Bull Case For Vertiv?
• Neutral Sentiment: JPMorgan initiated coverage of VRT with a “Neutral” rating and a $240 price target. The target implies potential upside from the cited reference price, but the neutral rating signals that the bank sees a balanced risk-reward profile. JPMorgan Chase stock recommendations
• Negative Sentiment: AI-power and electrical-equipment shares have faced sharp swings, with investors weighing near-term concerns about the sector despite strong company results. JPMorgan sees room for an AI-stock rebound but remains cautious on electrical equipment, which could continue to constrain VRT’s valuation. JPMorgan sees potential AI stock rebound but remains cautious on electrical equipment

Insider Transactions at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the transaction, the director owned 16,500 shares in the company, valued at $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VRT. Citigroup increased their price objective on Vertiv from $358.00 to $362.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Mizuho set a $300.00 target price on Vertiv in a report on Thursday, October 29th. Loop Capital reduced their price target on Vertiv from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group reduced their price target on Vertiv from $320.00 to $245.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Finally, BNP Paribas Exane decreased their price target on Vertiv from $380.00 to $365.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.70.

Vertiv Company Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.