Vertiv Holdings Co (NYSE:VRT) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 19.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,610 shares of the company’s stock after acquiring an additional 901 shares during the quarter. Signaturefd LLC’s holdings in Vertiv were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Bogart Wealth LLC acquired a new stake in Vertiv in the first quarter valued at approximately $25,000. GAMMA Investing LLC purchased a new stake in Vertiv during the 4th quarter worth $26,000. Raleigh Capital Management Inc. lifted its holdings in Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after buying an additional 252 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Vertiv in the 1st quarter valued at about $27,000. Finally, Mather Group LLC. grew its stake in shares of Vertiv by 132.5% during 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 in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on VRT. The Goldman Sachs Group reduced their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen raised their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Bank of America increased their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Evercore ISI reissued an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research report on Thursday, August 15th. Finally, Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $96.22.

Vertiv Trading Up 3.9 %

NYSE VRT opened at $83.03 on Friday. The firm has a market capitalization of $31.08 billion, a PE ratio of 79.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $109.27. The company has a 50-day simple moving average of $81.94 and a 200-day simple moving average of $83.57. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.98 and a current ratio of 1.36.

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 forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Monday, June 17th. Vertiv’s payout ratio is 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.