Jackson Square Capital LLC Has $3.58 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Jackson Square Capital LLC lowered its stake in Vertiv Holdings Co (NYSE:VRT) by 36.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,003 shares of the company’s stock after selling 20,811 shares during the period. Jackson Square Capital LLC’s holdings in Vertiv were worth $3,582,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its holdings in Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares during the last quarter. Whittier Trust Co. grew its position in shares of 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 period. Janney Capital Management LLC bought a new stake in shares of Vertiv during the third quarter worth approximately $8,403,000. Assenagon Asset Management S.A. lifted its holdings in Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock valued at $5,564,000 after buying an additional 36,684 shares during the period. Finally, Generate Investment Management Ltd boosted its stake in Vertiv by 180.8% in the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after acquiring an additional 385,251 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

NYSE VRT opened at $120.42 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market cap of $45.20 billion, a price-to-earnings ratio of 80.28, a PEG ratio of 1.15 and a beta of 1.58. The business has a 50 day simple moving average of $98.93 and a 200 day simple moving average of $91.90. Vertiv Holdings Co has a 52-week low of $39.48 and a 52-week high of $120.44.

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

Vertiv Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.08%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred 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 of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho upped their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group initiated coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. TD Cowen raised their target price on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer upped their price target on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has a consensus rating of “Buy” and a consensus price target of $122.11.

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.