Copeland Capital Management LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Copeland Capital Management LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the third quarter, according to its most recent filing with the SEC. The fund purchased 1,434 shares of the company’s stock, valued at approximately $143,000.

A number of other institutional investors have also made changes to their positions in the company. Venture Visionary Partners LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $1,052,000. Whittier Trust Co. of Nevada Inc. grew its stake in Vertiv by 3.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 65,121 shares of the company’s stock worth $6,479,000 after buying an additional 2,067 shares during the last quarter. Whittier Trust Co. grew its stake in Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after buying an additional 8,579 shares during the last quarter. Kennedy Investment Group bought a new position in Vertiv during the 3rd quarter worth $1,463,000. Finally, Bluesphere Advisors LLC bought a new position in Vertiv during the 3rd quarter worth $279,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price objective 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 upped their price objective on Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Oppenheimer boosted their price target on Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. TD Cowen upped their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $112.44.

Insider Activity 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is owned by insiders.

Vertiv Stock Up 0.3 %

Shares of Vertiv stock opened at $112.42 on Wednesday. The stock’s fifty day moving average is $91.81 and its 200-day moving average is $89.70. The firm has a market capitalization of $42.08 billion, a PE ratio of 108.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $116.19.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Equities analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Vertiv Company 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.