Balboa Wealth Partners raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 44.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,448 shares of the company's stock after acquiring an additional 4,415 shares during the quarter. Balboa Wealth Partners' holdings in Vertiv were worth $1,437,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of VRT. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter valued at $29,000. Anchor Investment Management LLC acquired a new stake in shares of Vertiv during the 2nd quarter worth about $26,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth about $30,000. Mather Group LLC. grew its stake in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company's stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Vertiv in the 3rd quarter valued at about $36,000. Institutional investors own 89.92% of the company's stock.
Vertiv Price Performance
Shares of VRT traded down $0.17 during midday trading on Friday, hitting $120.86. The company's stock had a trading volume of 6,144,380 shares, compared to its average volume of 8,172,390. 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 one year low of $41.01 and a one year high of $130.30. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 81.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. The company's fifty day simple moving average is $104.39 and its two-hundred day simple moving average is $93.49.
Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The firm 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 revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, equities analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The business also recently announced 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. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. Vertiv's payout ratio is presently 6.67%.
Insider Transactions at Vertiv
In other news, insider Karsten Winther sold 44,924 shares of the company's 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 owns 10,542 shares of the company's stock, valued at $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.01% of the company's stock.
Analyst Ratings Changes
VRT has been the subject of several research reports. Evercore ISI lifted 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. TD Cowen upped their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective for the company. UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday. They set a "buy" rating and a $155.00 target price on the stock. Finally, 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. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $125.40.
Check Out Our Latest Research Report on VRT
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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