Crossmark Global Holdings Inc. Purchases 156 Shares of Vertiv Holdings Co (NYSE:VRT)

Crossmark Global Holdings Inc. raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,950 shares of the company’s stock after acquiring an additional 156 shares during the period. Crossmark Global Holdings Inc.’s holdings in Vertiv were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearbridge Investments LLC lifted its position in Vertiv by 15.4% during the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after purchasing an additional 340,639 shares during the last quarter. Whittier Trust Co. raised its position in Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after purchasing an additional 8,579 shares during the period. Janney Capital Management LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $8,403,000. Assenagon Asset Management S.A. boosted its holdings in shares of Vertiv by 190.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after purchasing an additional 36,684 shares during the period. Finally, Generate Investment Management Ltd increased its position in shares of Vertiv by 180.8% during the 3rd quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after purchasing an additional 385,251 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on VRT shares. Oppenheimer raised their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen raised their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Mizuho upped their price target on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv has an average rating of “Buy” and an average target price of $125.40.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 80.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Down 0.1 %

Shares of NYSE VRT opened at $120.87 on Monday. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $130.30. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 80.58, a PEG ratio of 1.31 and a beta of 1.58. The stock has a 50 day moving average price of $105.37 and a 200 day moving average price of $93.71. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. Sell-side analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. Vertiv’s dividend payout ratio is currently 6.67%.

Vertiv Profile

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.