Mizuho Markets Americas LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,461 shares of the company's stock, valued at approximately $444,000.
A number of other institutional investors and hedge funds have also bought and sold shares of VRT. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the second quarter valued at about $26,000. Mather Group LLC. increased 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 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 during the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the third quarter worth $30,000. Finally, OFI Invest Asset Management bought a new position in Vertiv in the second quarter worth approximately $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on VRT shares. Oppenheimer boosted their target price on Vertiv from $115.00 to $121.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Citigroup increased their target price on shares of Vertiv from $130.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. TD Cowen raised their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Finally, Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective on the stock. Ten 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.
Read Our Latest Report on VRT
Vertiv Trading Down 0.1 %
Shares of VRT stock traded down $0.16 on Friday, reaching $120.87. 6,154,995 shares of the stock were exchanged, compared to its average volume of 6,357,558. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $130.30. The firm has a 50 day moving average of $105.37 and a two-hundred day moving average of $93.68. The stock has a market cap of $45.37 billion, a P/E ratio of 80.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for 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%. The business's quarterly 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 anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv's dividend payout ratio (DPR) is presently 6.67%.
Insider Activity at Vertiv
In other news, insider Karsten Winther sold 44,924 shares of the business's stock in a transaction 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 owns 10,542 shares in the company, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is owned by corporate insiders.
Vertiv 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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