Insigneo Advisory Services LLC Takes $486,000 Position in Vertiv Holdings Co (NYSE:VRT)

Insigneo Advisory Services LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,887 shares of the company's stock, valued at approximately $486,000.

A number of other large investors have also recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter worth $26,000. Mather Group LLC. raised its position in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after buying an additional 200 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter worth $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VRT shares. Evercore ISI increased their target price on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective on the stock. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $139.90.

Vertiv Stock Down 5.7 %

NYSE:VRT traded down $7.64 during mid-day trading on Monday, reaching $126.21. The stock had a trading volume of 8,954,103 shares, compared to its average volume of 8,160,417. The company has a market capitalization of $47.37 billion, a price-to-earnings ratio of 84.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61. Vertiv Holdings Co has a 1-year low of $44.31 and a 1-year high of $145.67. The stock's 50 day simple moving average is $118.10 and its two-hundred day simple moving average is $97.40. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. Equities analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last ninety days. Company insiders own 5.01% of the company's stock.

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.