International Private Wealth Advisors LLC Acquires 2,884 Shares of Vertiv Holdings Co. $VRT

International Private Wealth Advisors LLC grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 68.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,107 shares of the company’s stock after purchasing an additional 2,884 shares during the period. International Private Wealth Advisors LLC’s holdings in Vertiv were worth $1,715,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Perpetual Ltd boosted its stake in Vertiv by 6,110.5% in the third quarter. Perpetual Ltd now owns 114,397 shares of the company’s stock valued at $27,605,000 after acquiring an additional 112,555 shares during the period. NFSG Corp raised its position in shares of Vertiv by 325.4% during the 3rd quarter. NFSG Corp now owns 8,984 shares of the company’s stock worth $2,168,000 after purchasing an additional 6,872 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Vertiv by 536.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,358 shares of the company’s stock worth $19,134,000 after purchasing an additional 64,358 shares during the period. N10 Wealth LLC raised its position in shares of Vertiv by 34.2% during the 3rd quarter. N10 Wealth LLC now owns 80,798 shares of the company’s stock worth $19,497,000 after purchasing an additional 20,604 shares during the period. Finally, LDR Capital Management LLC lifted its holdings in shares of Vertiv by 111.5% in the 3rd quarter. LDR Capital Management LLC now owns 13,749 shares of the company’s stock worth $3,318,000 after purchasing an additional 7,248 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRT. Wall Street Zen upgraded Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Sunday. TD Cowen upped their price objective on Vertiv from $356.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Citigroup increased their target price on Vertiv from $358.00 to $362.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Piper Sandler set a $375.00 target price on Vertiv in a research report on Wednesday, July 29th. Finally, Evercore set a $375.00 target price on Vertiv in a research note on Wednesday, July 29th. Two investment 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, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $333.70.

Vertiv Price Performance

NYSE VRT opened at $206.79 on Thursday. Vertiv Holdings Co. has a 52 week low of $147.82 and a 52 week high of $379.93. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. The stock has a market cap of $79.63 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 0.62 and a beta of 2.11. The company 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 released its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.39. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The business’s revenue for the quarter was up 61.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. Analysts forecast that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 14th were issued a $0.0625 dividend. 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 is 4.67%.

Insider Buying and Selling

In other Vertiv news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the sale, the director owned 16,500 shares of the company’s stock, valued at $4,188,030. The trade was a 48.09% decrease in their position. The sale was disclosed in a legal 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 corporate insiders.

Key Vertiv News

These are some of the VRT news items that stood out recently:

• 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

About Vertiv

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.