Venturi Wealth Management LLC Decreases Stock Position in Vertiv Holdings Co (NYSE:VRT)

Venturi Wealth Management LLC lessened its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 86.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 669 shares of the company's stock after selling 4,203 shares during the period. Venturi Wealth Management LLC's holdings in Vertiv were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Anchor Investment Management LLC bought a new position in Vertiv during the second quarter valued at approximately $26,000. Mather Group LLC. lifted its stake in 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 last quarter. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter valued at about $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of Vertiv in the second quarter worth about $34,000. Institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the firm'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 transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VRT. UBS Group assumed coverage on Vertiv in a report on Wednesday. They set a "buy" rating and a $155.00 target price for the company. Evercore ISI lifted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. 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 objective on the stock. Finally, TD Cowen increased their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $125.40.

Vertiv Stock Down 0.1 %

Vertiv stock traded down $0.16 on Friday, hitting $120.87. 6,125,153 shares of the stock traded hands, compared to its average volume of 8,168,084. The business's fifty day simple moving average is $104.39 and its 200 day simple moving average is $93.49. The firm has a market cap of $45.37 billion, a P/E ratio of 81.57, a price-to-earnings-growth 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 1 year low of $41.01 and a 1 year 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, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Vertiv's quarterly revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv's payout ratio is 6.67%.

Vertiv 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.