Bard Financial Services Inc. Lowers Holdings in Vertiv Holdings Co (NYSE:VRT)

Bard Financial Services Inc. lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,925 shares of the company’s stock after selling 3,500 shares during the period. Bard Financial Services Inc.’s holdings in Vertiv were worth $1,883,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in VRT. Harbor Investment Advisory LLC lifted its position in Vertiv by 45.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,672 shares of the company’s stock valued at $166,000 after acquiring an additional 520 shares during the period. Central Pacific Bank Trust Division raised its stake in Vertiv by 54.2% during the third quarter. Central Pacific Bank Trust Division now owns 15,229 shares of the company’s stock valued at $1,515,000 after purchasing an additional 5,355 shares in the last quarter. First Community Trust NA raised its stake in shares of Vertiv by 12.1% in the third quarter. First Community Trust NA now owns 1,446 shares of the company’s stock valued at $144,000 after acquiring an additional 156 shares during the period. Neville Rodie & Shaw Inc. grew its holdings in Vertiv by 58.2% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 15,970 shares of the company’s stock worth $1,589,000 after acquiring an additional 5,875 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the second quarter valued at about $26,000. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

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

Vertiv Price Performance

NYSE:VRT traded up $2.51 during mid-day trading on Friday, hitting $105.20. The company’s stock had a trading volume of 5,745,233 shares, compared to its average volume of 8,457,084. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of 101.14, a P/E/G ratio of 1.26 and a beta of 1.58. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27. The stock has a fifty day moving average of $82.73 and a 200-day moving average of $87.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv’s payout ratio is 9.62%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a research note on Thursday, August 15th. Finally, Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and a consensus price target of $102.13.

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.