Andra AP fonden Purchases 72,700 Shares of Vertiv Holdings Co (NYSE:VRT)

Andra AP fonden increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 146.3% during the 2nd quarter, Holdings Channel reports. The firm owned 122,400 shares of the company’s stock after buying an additional 72,700 shares during the period. Andra AP fonden’s holdings in Vertiv were worth $10,596,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Bogart Wealth LLC purchased a new position in shares of Vertiv during the first quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its position in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Atticus Wealth Management LLC bought a new position in Vertiv in the 1st quarter worth $27,000. Mather Group LLC. lifted 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 purchasing an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Vertiv during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Bank of America increased their price target on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. The Goldman Sachs Group decreased their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Evercore ISI restated an “outperform” rating and set a $105.00 price target on shares of Vertiv in a research report on Thursday, August 15th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and a consensus price target of $96.22.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Up 1.3 %

VRT stock opened at $75.46 on Wednesday. The business has a 50 day moving average of $80.22 and a 200 day moving average of $84.37. The firm has a market cap of $28.25 billion, a PE ratio of 72.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $109.27. 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 released its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, research analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio is presently 9.62%.

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.