Choreo LLC Makes New $631,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Choreo LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,289 shares of the company’s stock, valued at approximately $631,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC purchased a new position in shares of Vertiv during the 1st quarter worth approximately $25,000. Atticus Wealth Management LLC acquired a new stake in Vertiv in the first quarter valued at $27,000. Mather Group LLC. boosted its position in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Vertiv during the 2nd quarter worth $34,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Vertiv during the 1st quarter worth $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group lowered their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Finally, Evercore ISI reissued an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $102.13.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.01% of the stock is owned by company insiders.

Vertiv Stock Down 1.2 %

Shares of NYSE VRT opened at $85.76 on Friday. The firm has a market cap of $32.10 billion, a P/E ratio of 82.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The firm’s 50 day moving average price is $79.75 and its 200 day moving average price is $84.64.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion for 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%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Tuesday, September 17th. Vertiv’s payout ratio is currently 9.62%.

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.