2,654 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. bought a new position in Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,654 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $26,000. Raleigh Capital Management Inc. raised its holdings in shares of Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the period. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv during the first quarter valued at approximately $27,000. Mather Group LLC. raised its holdings in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Vertiv during the first quarter valued at approximately $34,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

VRT stock opened at $111.84 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $41.87 billion, a price-to-earnings ratio of 107.54, a P/E/G ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $112.07. The firm has a 50 day moving average of $86.08 and a two-hundred day moving average of $88.25.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Analysts Set New Price Targets

VRT has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. TD Cowen upped their price objective on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Evercore ISI upped their price objective on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv currently has an average rating of “Buy” and an average target price of $106.89.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.01% of the stock is owned by insiders.

About Vertiv

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.