Braun Stacey Associates Inc. Sells 5,978 Shares of Vertiv Holdings Co (NYSE:VRT)

Braun Stacey Associates Inc. lessened its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 470,591 shares of the company's stock after selling 5,978 shares during the period. Vertiv accounts for 1.8% of Braun Stacey Associates Inc.'s portfolio, making the stock its 9th largest holding. Braun Stacey Associates Inc. owned about 0.13% of Vertiv worth $46,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at $29,000. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the 2nd quarter valued at $26,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $30,000. Mather Group LLC. grew its holdings in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company's stock valued at $29,000 after buying an additional 200 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $36,000. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of VRT stock traded up $1.37 on Monday, reaching $122.24. The stock had a trading volume of 4,828,276 shares, compared to its average volume of 8,152,705. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm's 50-day moving average is $105.37 and its two-hundred day moving average is $93.71. The firm has a market capitalization of $45.88 billion, a price-to-earnings ratio of 83.99, a P/E/G ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $130.30.

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

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is a boost from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv's dividend payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price on shares of Vertiv from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Bank of America increased 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. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Citigroup increased their price objective 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. Finally, Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 price objective for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv presently has a consensus rating of "Buy" and a consensus price target of $125.40.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the 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 transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. This represents a 80.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.