Quest Partners LLC Sells 172 Shares of Vertiv Holdings Co (NYSE:VRT)

Quest Partners LLC decreased its position in Vertiv Holdings Co (NYSE:VRT) by 10.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,409 shares of the company’s stock after selling 172 shares during the period. Quest Partners LLC’s holdings in Vertiv were worth $140,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the second quarter worth $331,091,000. Swedbank AB boosted its stake in shares of Vertiv by 247.5% during the 2nd quarter. Swedbank AB now owns 674,493 shares of the company’s stock worth $58,391,000 after buying an additional 480,394 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Vertiv in the 3rd quarter valued at about $43,771,000. Generate Investment Management Ltd increased its position in shares of Vertiv by 180.8% in the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after acquiring an additional 385,251 shares during the last quarter. Finally, Meitav Investment House Ltd. bought a new stake in Vertiv during the third quarter worth about $37,309,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

VRT opened at $126.94 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business has a fifty day simple moving average of $114.21 and a 200 day simple moving average of $96.11. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $145.67. The company has a market capitalization of $47.65 billion, a PE ratio of 84.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. Research 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. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the 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 in the company, valued at $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 SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,451 shares of company stock valued at $26,699,153 over the last 90 days. 5.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Citigroup upped their target price on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $138.50.

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.