Venture Visionary Partners LLC Takes $1.05 Million Position in Vertiv Holdings Co (NYSE:VRT)

Venture Visionary Partners LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,570 shares of the company’s stock, valued at approximately $1,052,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv during the 2nd quarter worth about $331,091,000. Westfield Capital Management Co. LP boosted its position in shares of Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after acquiring an additional 1,563,466 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Vertiv by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock worth $245,189,000 after acquiring an additional 451,830 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Oppenheimer boosted their target price on Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Evercore ISI upped their target price on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Mizuho raised their price objective on Vertiv from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $112.44.

Vertiv Trading Up 0.3 %

Shares of Vertiv stock opened at $112.42 on Wednesday. The company’s fifty day moving average is $91.81 and its two-hundred day moving average is $89.70. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $116.19. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The company has a market capitalization of $42.08 billion, a P/E ratio of 108.10, a PEG ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts forecast 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. Stockholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s payout ratio is currently 9.62%.

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.