Vertiv Holdings Co (NYSE:VRT) Shares Sold by 1858 Wealth Management LLC

1858 Wealth Management LLC lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,647 shares of the company’s stock after selling 1,228 shares during the quarter. Vertiv comprises about 1.6% of 1858 Wealth Management LLC’s holdings, making the stock its 18th largest position. 1858 Wealth Management LLC’s holdings in Vertiv were worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of VRT. Anchor Investment Management LLC purchased a new position in Vertiv during the second quarter worth approximately $26,000. Atticus Wealth Management LLC purchased a new position in shares of Vertiv in the 1st quarter worth $27,000. Mather Group LLC. boosted its holdings in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at about $29,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Vertiv during the first quarter valued at about $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT traded up $0.17 during mid-day trading on Monday, hitting $112.42. The stock had a trading volume of 2,713,783 shares, compared to its average volume of 8,314,579. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company has a market cap of $42.08 billion, a PE ratio of 107.67, a PEG ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $116.19. The company’s fifty day simple moving average is $90.31 and its two-hundred day simple moving average is $89.29.

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

Vertiv Dividend Announcement

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

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Bank of America raised their price target on shares of Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Oppenheimer boosted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Mizuho raised their target price on shares of Vertiv from $92.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $112.44.

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.