Vertiv Holdings Co (NYSE:VRT) Shares Bought by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 55.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,022 shares of the company’s stock after buying an additional 4,668 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Vertiv were worth $1,296,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after acquiring an additional 9,870 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after purchasing an additional 340,639 shares during the period. Swiss National Bank increased its stake in Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after purchasing an additional 14,100 shares during the last quarter. Acadian Asset Management LLC lifted its position in Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock worth $326,000 after buying an additional 3,649 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new stake in Vertiv in the 1st quarter worth about $700,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VRT shares. Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Oppenheimer lifted their price target on shares of Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday. The Goldman Sachs Group dropped their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Bank of America lifted their target price on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $110.44.

Vertiv Trading Up 3.9 %

NYSE:VRT opened at $111.69 on Thursday. The business’s 50-day moving average is $88.63 and its two-hundred day moving average is $88.81. The firm has a market capitalization of $41.81 billion, a PE ratio of 107.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $113.43. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Research analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

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.