Precision Wealth Strategies LLC Buys 165 Shares of Vertiv Holdings Co (NYSE:VRT)

Precision Wealth Strategies LLC grew its stake in Vertiv Holdings Co (NYSE:VRT) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,771 shares of the company’s stock after acquiring an additional 165 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Vertiv were worth $475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at about $29,000. Anchor Investment Management LLC bought a new stake in Vertiv during the 2nd quarter worth approximately $26,000. Atticus Wealth Management LLC bought a new stake in Vertiv during the 1st quarter worth approximately $27,000. Mather Group LLC. increased its stake in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Vertiv during the 3rd quarter worth approximately $36,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VRT shares. Oppenheimer increased their target price on Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Mizuho increased their target price on Vertiv from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reduced their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. TD Cowen upped their price target on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $112.44.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv 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 owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.01% of the company’s stock.

Vertiv Stock Down 0.2 %

VRT opened at $112.06 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock’s fifty day simple moving average is $91.09 and its 200 day simple moving average is $89.51. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $116.19. The stock has a market cap of $41.95 billion, a PE ratio of 107.75, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

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

Vertiv Dividend Announcement

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

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.