Quantum Private Wealth LLC Has $541,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Quantum Private Wealth LLC raised its position in Vertiv Holdings Co (NYSE:VRT) by 74.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,438 shares of the company’s stock after purchasing an additional 2,316 shares during the period. Quantum Private Wealth LLC’s holdings in Vertiv were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC bought a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Mather Group LLC. grew its stake in shares of 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 purchasing an additional 200 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Finally, OFI Invest Asset Management bought a new stake in shares of Vertiv in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Citigroup increased their price target on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Mizuho increased their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $122.11.

Vertiv Stock Performance

VRT stock opened at $123.11 on Friday. The business’s fifty day moving average is $98.93 and its 200-day moving average is $91.90. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market cap of $46.21 billion, a P/E ratio of 81.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $39.51 and a twelve month high of $124.86.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is presently 6.67%.

Insider Buying and Selling

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 sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.01% of the stock is currently owned by company 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.