Vertiv Holdings Co. $VRT Stock Position Lessened by New South Capital Management Inc.

New South Capital Management Inc. decreased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 583,474 shares of the company's stock after selling 167,890 shares during the quarter. Vertiv comprises approximately 9.6% of New South Capital Management Inc.'s investment portfolio, making the stock its biggest position. New South Capital Management Inc. owned about 0.15% of Vertiv worth $140,798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC raised its stake in Vertiv by 4.2% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,190 shares of the company's stock worth $770,000 after purchasing an additional 129 shares in the last quarter. International Private Wealth Advisors LLC increased its holdings in Vertiv by 68.3% in the 3rd quarter. International Private Wealth Advisors LLC now owns 7,107 shares of the company's stock valued at $1,715,000 after buying an additional 2,884 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of Vertiv in the 3rd quarter valued at approximately $426,000. DSG Capital Advisors LLC raised its position in shares of Vertiv by 25.8% in the 3rd quarter. DSG Capital Advisors LLC now owns 10,355 shares of the company's stock valued at $2,499,000 after buying an additional 2,126 shares in the last quarter. Finally, 626 Financial LLC raised its position in shares of Vertiv by 8.6% in the 3rd quarter. 626 Financial LLC now owns 850 shares of the company's stock valued at $205,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 6.5%

Shares of Vertiv stock opened at $206.79 on Thursday. The firm's 50 day moving average is $233.57 and its 200 day moving average is $270.02. The firm has a market capitalization of $79.63 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 0.62 and a beta of 2.11. Vertiv Holdings Co. has a 1 year low of $147.82 and a 1 year 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.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The firm's revenue was up 61.2% compared to the same quarter last year. Equities research analysts forecast that Vertiv Holdings Co. will post 7.17 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley set a $330.00 price target on shares of Vertiv in a research report on Friday, October 16th. UBS Group restated a "buy" rating and set a $370.00 price objective on shares of Vertiv in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Vertiv from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 14th. HSBC cut their target price on Vertiv from $376.00 to $365.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. began coverage on Vertiv in a report on Wednesday. They issued a "neutral" rating and a $240.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $333.70.

Insider Buying and Selling at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the firm's 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. This trade represents a 48.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by company insiders.

Vertiv News Roundup

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.

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