Wright Investors Service Inc. Makes New $724,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Wright Investors Service Inc. purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,277 shares of the company's stock, valued at approximately $724,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $53,000 after acquiring an additional 119 shares during the last quarter. First Community Trust NA boosted its holdings in Vertiv by 12.1% in the third quarter. First Community Trust NA now owns 1,446 shares of the company's stock worth $144,000 after purchasing an additional 156 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in Vertiv by 66.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company's stock worth $41,000 after buying an additional 200 shares during the last quarter. Mather Group LLC. increased its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after buying an additional 200 shares during the last quarter. Finally, Merrion Investment Management Co LLC raised its holdings in Vertiv by 0.7% during the second quarter. Merrion Investment Management Co LLC now owns 30,200 shares of the company's stock valued at $2,614,000 after buying an additional 200 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT traded up $2.51 during trading hours on Friday, reaching $105.20. 5,745,233 shares of the company traded hands, compared to its average volume of 8,457,084. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The stock's fifty day moving average is $82.73 and its 200 day moving average is $87.26. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27. The stock has a market cap of $39.38 billion, a P/E ratio of 101.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv's dividend payout ratio (DPR) is presently 9.62%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company's stock, valued at approximately $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.01% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on VRT shares. TD Cowen upped their price target on Vertiv from $89.00 to $93.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Evercore ISI reiterated an "outperform" rating and set a $105.00 price target on shares of Vertiv in a report on Thursday, August 15th. Mizuho upgraded shares of Vertiv from a "neutral" rating to an "outperform" rating and reduced their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $102.13.

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.

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