Atria Investments Inc lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 45.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,690 shares of the company's stock after buying an additional 5,225 shares during the quarter. Atria Investments Inc's holdings in Vertiv were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of VRT. Anchor Investment Management LLC purchased a new stake in Vertiv in the second quarter worth about $26,000. Mather Group LLC. boosted 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 purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the 3rd quarter valued at approximately $30,000. Finally, OFI Invest Asset Management purchased a new position in Vertiv during the second quarter valued at $34,000. Hedge funds and other institutional investors own 89.92% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Oppenheimer increased their target price on Vertiv from $115.00 to $121.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday. They set a "buy" rating and a $155.00 price objective for the company. Citigroup upped their target price on shares of Vertiv from $130.00 to $134.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Mizuho upped their price objective on Vertiv from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $125.40.
View Our Latest Analysis on Vertiv
Insider Activity
In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.01% of the company's stock.
Vertiv Stock Performance
NYSE:VRT traded down $0.16 during trading hours on Friday, reaching $120.87. The company had a trading volume of 6,154,995 shares, compared to its average volume of 8,172,390. The firm's 50 day moving average price is $105.37 and its 200-day moving average price is $93.67. The firm has a market cap of $45.37 billion, a price-to-earnings ratio of 80.57, a PEG ratio of 1.35 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52 week low of $41.01 and a 52 week high of $130.30.
Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv's payout ratio is presently 6.67%.
Vertiv Company Profile
(
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.
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