Vertiv Holdings Co. $VRT Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 41.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,995 shares of the company’s stock after buying an additional 7,326 shares during the period. International Assets Investment Management LLC’s holdings in Vertiv were worth $6,152,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Vertiv by 4.5% during the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after acquiring an additional 704,970 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Vertiv by 14.1% during the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after purchasing an additional 468,380 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vertiv by 1.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Vertiv by 33.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after purchasing an additional 608,176 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Vertiv by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after purchasing an additional 23,444 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 16,500 shares of the company’s stock, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Key Headlines Impacting Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv’s recent quarter reportedly beat revenue estimates by about $550 million, delivered record results and came with raised guidance. One Wall Street team argues the selloff may overstate the threat because orders have not yet been affected. Vertiv Beat by $550 Million Last Week. It Has Lost 23% Since Tuesday’s Vote Vertiv Suffered a Near 40% Drop Over 6 Months
• Positive Sentiment: A report says Vertiv has locked in three years of AI power-chip supply. Securing supply could help the company serve continued demand for data-center infrastructure. Vertiv Holdings Co Locked In Three Years Of AI Power Chip Supply
• Neutral Sentiment: Zacks describes VRT as a strong growth stock, but its article highlights a research-service stock-rating framework rather than a new company development. Here’s Why Vertiv Holdings Co. Is a Strong Growth Stock
• Negative Sentiment: The main near-term pressure is concern that the election outcome and potential data-center permitting limits, including a reported Texas permit freeze, could restrain AI infrastructure spending. The reports indicate this is a prospective risk; they do not establish that Vertiv’s orders have declined. Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broader weakness in AI-related stocks and ETFs may be adding to pressure on VRT, while the article notes the shares have lost about 23% since Tuesday’s vote. Some of the Year’s Hottest AI ETFs Are in Big Trouble Today

Vertiv Trading Up 3.3%

NYSE VRT opened at $182.49 on Friday. Vertiv Holdings Co. has a 1-year low of $147.82 and a 1-year high of $379.93. The firm’s fifty day simple moving average is $236.97 and its 200-day simple moving average is $269.74. 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 company has a market capitalization of $70.26 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 0.58 and a beta of 2.11.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.39. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The firm’s revenue was up 61.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co. will post 7.17 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were given a $0.0625 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 4.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VRT shares. Jefferies Financial Group cut their price objective on Vertiv from $320.00 to $245.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Evercore set a $375.00 target price on shares of Vertiv in a report on Wednesday, July 29th. Loop Capital dropped their target price on shares of Vertiv from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Glj Research cut their price target on shares of Vertiv from $188.00 to $187.00 and set a “sell” rating on the stock in a report on Monday, November 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $325.00 price target (down from $353.00) on shares of Vertiv in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $337.78.

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.