Intellectus Partners LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,000 shares of the company's stock, valued at approximately $796,000.
Several other hedge funds have also recently bought and sold shares of the business. Krane Funds Advisors LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $29,000. Anchor Investment Management LLC bought a new stake in Vertiv during the second quarter valued at about $26,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter valued at about $30,000. Mather Group LLC. increased its stake in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in Vertiv during the 3rd quarter valued at approximately $36,000. 89.92% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Karsten Winther sold 44,924 shares of the company's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have recently commented on VRT. Evercore ISI upped their price target on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Oppenheimer upped their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target on the stock. UBS Group began coverage on shares of Vertiv in a research report on Wednesday. They set a "buy" rating and a $155.00 price objective for the company. Finally, Mizuho boosted their price target on Vertiv from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $125.40.
Check Out Our Latest Stock Analysis on VRT
Vertiv Price Performance
Shares of VRT traded down $0.16 during mid-day trading 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 company's 50-day moving average is $105.37 and its 200-day moving average is $93.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market capitalization of $45.37 billion, a P/E ratio of 80.57, a P/E/G ratio of 1.35 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $130.30.
Vertiv (NYSE:VRT - Get Free Report) last released 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 return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv's payout ratio is 6.67%.
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.
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