12,000 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,000 shares of the company’s stock, valued at approximately $1,039,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new stake in Vertiv in the 1st quarter valued at $25,000. Atticus Wealth Management LLC bought a new stake in shares of Vertiv in the 1st quarter worth about $27,000. Mather Group LLC. increased its position in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Vertiv during the 2nd quarter worth about $34,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Vertiv during the 1st quarter valued at about $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRT has been the topic of several research analyst reports. Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group decreased their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a research report on Thursday, August 15th. Finally, TD Cowen boosted their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $102.13.

Vertiv Stock Performance

Shares of Vertiv stock opened at $94.54 on Friday. The firm has a 50 day simple moving average of $79.49 and a 200 day simple moving average of $85.36. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a market cap of $35.39 billion, a P/E ratio of 90.90, a P/E/G ratio of 1.08 and a beta of 1.58.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.025 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s payout ratio is presently 9.62%.

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 transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

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.