Foundations Investment Advisors LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Foundations Investment Advisors LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 171,953 shares of the company’s stock, valued at approximately $17,108,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in shares of Vertiv in the 2nd quarter worth about $26,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv in the 1st quarter worth about $27,000. Mather Group LLC. raised its position in shares of 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. Krane Funds Advisors LLC bought a new position in shares of Vertiv in the 3rd quarter worth about $29,000. Finally, OFI Invest Asset Management bought a new stake in Vertiv in the 2nd quarter valued at about $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In related 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 transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $112.06 on Tuesday. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $116.19. The stock’s 50 day moving average price is $91.09 and its 200-day moving average price is $89.51. The company has a market capitalization of $41.95 billion, a PE ratio of 107.75, a PEG ratio of 1.42 and a beta of 1.59. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on VRT shares. Evercore ISI boosted their target price on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Mizuho boosted their target price on Vertiv from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Bank of America boosted their target price on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. TD Cowen boosted their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv presently has an average rating of “Buy” and a consensus target price of $112.44.

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.