E. Ohman J or Asset Management AB Sells 2,750 Shares of Vertiv Holdings Co (NYSE:VRT)

E. Ohman J or Asset Management AB cut its position in shares of Vertiv Holdings Co (NYSE:VRT) by 16.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,850 shares of the company’s stock after selling 2,750 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Vertiv were worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. ORG Partners LLC grew its holdings in shares of Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after buying an additional 92 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after buying an additional 112 shares in the last quarter. Callan Family Office LLC grew its holdings in shares of Vertiv by 0.9% during 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 in the last quarter. Optimum Investment Advisors grew its holdings in shares of Vertiv by 11.1% during the third quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $149,000 after buying an additional 150 shares in the last quarter. Finally, 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 worth $144,000 after buying an additional 156 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $112.14 on Friday. The stock has a market cap of $41.98 billion, a P/E ratio of 107.83, a PEG ratio of 1.42 and a beta of 1.59. The stock has a 50 day simple moving average of $92.92 and a 200 day simple moving average of $89.97. 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 Holdings Co has a 1-year low of $34.60 and a 1-year high of $116.41.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued 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 presently 9.62%.

Analyst Ratings Changes

A number of research firms recently issued reports on VRT. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Oppenheimer raised their price target on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup raised their price target on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho raised their price objective on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Buy” and an average price target of $122.11.

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.