Inspire Investing LLC Sells 2,448 Shares of Vertiv Holdings Co (NYSE:VRT)

Inspire Investing LLC cut its stake in Vertiv Holdings Co (NYSE:VRT) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,663 shares of the company’s stock after selling 2,448 shares during the period. Inspire Investing LLC’s holdings in Vertiv were worth $750,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VRT. PNC Financial Services Group Inc. lifted its stake in Vertiv by 296.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after buying an additional 9,870 shares during the period. California State Teachers Retirement System lifted its stake in Vertiv by 58.8% in the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock valued at $26,312,000 after buying an additional 202,766 shares during the period. Williamson Legacy Group LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $1,645,000. Quadrant Capital Group LLC lifted its stake in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the period. Finally, Swiss National Bank lifted its stake in Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after buying an additional 14,100 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Vertiv Trading Up 2.7 %

Shares of Vertiv stock opened at $94.55 on Friday. The stock has a fifty day simple moving average of $79.49 and a 200 day simple moving average of $85.25. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $109.27. The company has a market capitalization of $35.39 billion, a P/E ratio of 90.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. Vertiv’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $843,254.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

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.