Vertiv Holdings Co (NYSE:VRT) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,812 shares of the company’s stock after buying an additional 1,222 shares during the period. TD Asset Management Inc’s holdings in Vertiv were worth $5,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in Vertiv during the 1st quarter worth $25,000. Raleigh Capital Management Inc. grew its position in shares of Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after buying an additional 252 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Vertiv during the 1st quarter valued at about $27,000. Mather Group LLC. boosted its stake in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in Vertiv during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Evercore ISI restated an “outperform” rating and issued a $105.00 price target on shares of Vertiv in a research report on Thursday, August 15th. TD Cowen upped 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. The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. Nine equities research 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 $96.22.

Vertiv Stock Performance

NYSE:VRT opened at $82.39 on Thursday. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The firm’s fifty day simple moving average is $80.01 and its 200 day simple moving average is $84.36. 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 firm has a market capitalization of $30.84 billion, a PE ratio of 79.22, a PEG ratio of 0.94 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its earnings results 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be given a $0.025 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is 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.