Impact Partnership Wealth LLC Invests $591,000 in Vertiv Holdings Co (NYSE:VRT)

Impact Partnership Wealth LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,939 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in Vertiv in the second quarter valued at $26,000. Atticus Wealth Management LLC bought a new position in Vertiv during the first quarter worth about $27,000. Mather Group LLC. increased its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in Vertiv in the third quarter valued at approximately $29,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Vertiv in the second quarter valued at approximately $34,000. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen lifted their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Evercore ISI upped their price target 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. Finally, Mizuho raised their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $117.89.

Vertiv Stock Performance

NYSE VRT traded up $1.53 during trading on Thursday, reaching $109.89. The company’s stock had a trading volume of 790,531 shares, compared to its average volume of 8,351,531. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $116.41. The firm has a 50 day moving average price of $92.37 and a 200 day moving average price of $89.83. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of 105.53, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business 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 50.79% and a net margin of 6.93%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by company insiders.

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.