Vertiv Holdings Co. $VRT Stock Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Vertiv stake by 142.5% in the third quarter, adding 482,667 shares to reach 821,416 shares valued at about $198.2 million.
• Vertiv reported quarterly earnings of $2.21 per share, beating estimates of $1.82, while revenue rose 61.2% year over year to $4.31 billion.
• Analysts’ average rating is “Moderate Buy,” with an average price target of $333.70. Vertiv also raised its quarterly dividend from $0.0625 to $0.10 per share.

Aberdeen Group plc lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 142.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 821,416 shares of the company's stock after purchasing an additional 482,667 shares during the period. Aberdeen Group plc owned 0.21% of Vertiv worth $198,216,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VRT. Moors & Cabot Inc. boosted its holdings in shares of Vertiv by 2.1% in the third quarter. Moors & Cabot Inc. now owns 11,554 shares of the company's stock valued at $2,788,000 after buying an additional 234 shares during the period. Valmark Advisers Inc. grew its position in shares of Vertiv by 15.6% in the 3rd quarter. Valmark Advisers Inc. now owns 1,619 shares of the company's stock valued at $391,000 after acquiring an additional 218 shares during the period. Money Concepts Capital Corp increased its position in Vertiv by 83.6% during the third quarter. Money Concepts Capital Corp now owns 1,985 shares of the company's stock worth $479,000 after buying an additional 904 shares during the last quarter. Allworth Financial LP raised its stake in Vertiv by 159.6% in the 3rd quarter. Allworth Financial LP now owns 43,752 shares of the company's stock valued at $10,558,000 after acquiring an additional 26,900 shares during the period. Finally, Private Advisory Group LLC raised its position in shares of Vertiv by 17.0% in the third quarter. Private Advisory Group LLC now owns 85,869 shares of the company's stock valued at $20,721,000 after purchasing an additional 12,504 shares during the period. Institutional investors own 89.92% of the company's stock.

Insider Activity at Vertiv

In other news, Director Edward Monser sold 15,287 shares of the 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 approximately $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VRT shares. TD Cowen upped their price target on shares of Vertiv from $356.00 to $357.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Bank of America lowered their target price on Vertiv from $440.00 to $375.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Deutsche Bank lowered their target price on Vertiv from $331.00 to $323.00 and set a "buy" rating for the company in a report on Wednesday, September 30th. Evercore set a $375.00 price target on shares of Vertiv in a research report on Wednesday, July 29th. Finally, Glj Research reduced their target price on Vertiv from $188.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $333.70.

Vertiv Stock Down 3.8%

Shares of NYSE VRT opened at $201.60 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The company has a market cap of $77.63 billion, a P/E ratio of 33.49, a P/E/G ratio of 0.67 and a beta of 2.11. Vertiv Holdings Co. has a 52 week low of $147.82 and a 52 week high of $379.93. The business has a 50-day simple moving average of $231.31 and a two-hundred day simple moving average of $270.23.

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. The company had revenue of $4.31 billion during the quarter, compared to analysts' expectations of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. Vertiv's revenue for the quarter was up 61.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. Research analysts anticipate that Vertiv Holdings Co. will post 7.17 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Tuesday, November 24th will be paid a $0.10 dividend. This is a positive change from Vertiv's previous quarterly dividend of $0.0625. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Vertiv's dividend payout ratio is currently 4.67%.

More Vertiv News

Investors following VRT have been watching these news items:

• Positive Sentiment: The company launched the PowerStation 3100 RPP, a power-distribution panel designed for AI and high-performance-computing racks above 100 kW. It supports 600–1,200 amps on one platform and is available in North America, giving Vertiv another product aimed at data-center demand. Vertiv introduces high-density remote power panel
• Positive Sentiment: Vertiv also introduced PowerNexus MV UPS, an outdoor medium-voltage system intended to help AI data centers connect to the grid faster and preserve indoor space for computing equipment. The company plans a dedicated laboratory to develop and test the technology. Vertiv introduces medium-voltage power system
• Neutral Sentiment: A report says Vertiv could provide cooling equipment for SpaceX data centers. This is a potential opportunity, not a confirmed contract, so any revenue impact remains uncertain. SpaceX spending and power and cooling suppliers

Vertiv 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.

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