Vertiv Holdings Co (NYSE:VRT) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 42.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,963 shares of the company's stock after selling 4,418 shares during the quarter. Arete Wealth Advisors LLC's holdings in Vertiv were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VRT. Fred Alger Management LLC increased its holdings in Vertiv by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 3,320,425 shares of the company's stock valued at $330,349,000 after acquiring an additional 652,436 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Vertiv by 28.4% during the 3rd quarter. Verition Fund Management LLC now owns 121,497 shares of the company's stock worth $12,088,000 after purchasing an additional 26,838 shares during the last quarter. Captrust Financial Advisors grew its stake in Vertiv by 22.9% in the 3rd quarter. Captrust Financial Advisors now owns 55,278 shares of the company's stock worth $5,500,000 after acquiring an additional 10,306 shares during the period. Icon Wealth Advisors LLC increased its stake in Vertiv by 33.3% in the third quarter. Icon Wealth Advisors LLC now owns 2,050 shares of the company's stock valued at $204,000 after purchasing an additional 512 shares during the last quarter. Finally, D1 Capital Partners L.P. acquired a new position in shares of Vertiv during the 3rd quarter valued at about $42,036,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT traded up $0.69 during mid-day trading on Friday, hitting $125.73. The company had a trading volume of 11,620,487 shares, compared to its average volume of 8,124,714. The stock has a market cap of $47.19 billion, a price-to-earnings ratio of 82.19, a PEG ratio of 1.29 and a beta of 1.61. The firm's 50 day simple moving average is $120.03 and its two-hundred day simple moving average is $98.07. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 12 month low of $44.31 and a 12 month high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is 6.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VRT. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price for the company. Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a "buy" rating and a $125.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $140.09.

Insider Buying and Selling

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last three months. 5.01% of the stock is currently owned by corporate insiders.

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.