Inspire Investing LLC Has $750,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Inspire Investing LLC lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 22.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,663 shares of the company’s stock after selling 2,448 shares during the quarter. Inspire Investing LLC’s holdings in Vertiv were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 119 shares in the last quarter. Lindbrook Capital LLC raised its stake in Vertiv by 33.2% in the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after purchasing an additional 137 shares in the last quarter. Quadrant Capital Group LLC raised 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 purchasing an additional 170 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Finally, Mather Group LLC. raised its stake in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Vertiv Stock Performance

NYSE:VRT opened at $94.55 on Friday. The stock has a market cap 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. The stock’s 50-day moving average is $79.49 and its 200-day moving average is $85.25. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27.

Vertiv (NYSE:VRT) last released its quarterly 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 company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. Equities research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

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