Vertiv Holdings Co (NYSE:VRT) Stock Holdings Increased by Polianta Ltd

Polianta Ltd raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 7.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,900 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Polianta Ltd’s holdings in Vertiv were worth $1,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VRT. GAMMA Investing LLC raised its holdings in Vertiv by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after buying an additional 119 shares during the period. Callan Family Office LLC boosted its position in shares of Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after buying an additional 137 shares during the period. First Community Trust NA grew its holdings in shares of Vertiv by 12.1% during the third quarter. First Community Trust NA now owns 1,446 shares of the company’s stock valued at $144,000 after buying an additional 156 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Vertiv by 66.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the period. Finally, Mather Group LLC. lifted its stake in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In related 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 sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is owned by insiders.

Analyst Ratings Changes

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

Vertiv Stock Up 4.1 %

Shares of VRT stock opened at $111.84 on Monday. The stock’s 50 day simple moving average is $86.08 and its 200 day simple moving average is $88.25. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $112.07. 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 company has a market capitalization of $41.87 billion, a price-to-earnings ratio of 107.54, a PEG ratio of 1.42 and a beta of 1.59.

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

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio is 9.62%.

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.