Verde Servicos Internacionais S.A. Trims Position in Vertiv Holdings Co (NYSE:VRT)

Verde Servicos Internacionais S.A. decreased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 43.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,963 shares of the company’s stock after selling 43,059 shares during the quarter. Vertiv makes up 2.6% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 15th largest holding. Verde Servicos Internacionais S.A.’s holdings in Vertiv were worth $5,568,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after acquiring an additional 1,766,784 shares during the period. Coatue Management LLC grew its holdings in Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv in the second quarter worth $331,091,000. Finally, Westfield Capital Management Co. LP boosted its position in shares of Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after acquiring an additional 1,563,466 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. TD Cowen lifted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Evercore ISI lifted their price objective on Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday. They set a “buy” rating and a $125.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv currently has an average rating of “Buy” and a consensus price target of $106.89.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Performance

NYSE:VRT opened at $106.72 on Tuesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The stock’s fifty day moving average is $82.73 and its 200 day moving average is $87.33. The firm has a market capitalization of $39.95 billion, a PE ratio of 102.62, a PEG ratio of 1.26 and a beta of 1.59. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.58 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 0.09%. Vertiv’s payout ratio is 9.62%.

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.