Bradley Foster & Sargent Inc. CT Has $17.86 Million Position in Vertiv Holdings Co (NYSE:VRT)

18 Sep 2024, 06:05 by Teresa Graham · The Cerbat Gem

Bradley Foster & Sargent Inc. CT lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) by 49.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,298 shares of the company’s stock after selling 199,912 shares during the quarter. Bradley Foster & Sargent Inc. CT owned 0.06% of Vertiv worth $17,859,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VRT. Vanguard Personalized Indexing Management LLC raised its position in shares of Vertiv by 6.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,331 shares of the company’s stock worth $1,025,000 after purchasing an additional 1,246 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in shares of Vertiv by 6.7% during the fourth quarter. Level Four Advisory Services LLC now owns 13,012 shares of the company’s stock worth $625,000 after buying an additional 813 shares in the last quarter. Norges Bank bought a new position in shares of Vertiv during the fourth quarter worth about $185,339,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Vertiv during the fourth quarter worth about $1,817,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research reports. Evercore ISI reiterated an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. The Goldman Sachs Group decreased 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. TD Cowen raised their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $102.13.

Get Our Latest Research Report on VRT

Vertiv Stock Performance

Shares of NYSE VRT opened at $87.28 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.00 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 $109.27. The stock has a 50 day moving average of $79.54 and a 200-day moving average of $85.02. The company has a market capitalization of $32.67 billion, a P/E ratio of 83.92, a P/E/G ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s payout ratio is currently 9.62%.

Insider Buying and Selling

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 transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.01% of the stock is currently owned by insiders.

About Vertiv

(Free Report)

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.