Vanguard Personalized Indexing Management LLC Boosts Position in Vertiv Holdings Co (NYSE:VRT)

Vanguard Personalized Indexing Management LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,407 shares of the company’s stock after purchasing an additional 2,897 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Vertiv were worth $1,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VRT. Bogart Wealth LLC purchased a new stake in shares of Vertiv in the first quarter valued at $25,000. Raleigh Capital Management Inc. lifted its position in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares in the last quarter. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter valued at $27,000. Mather Group LLC. lifted its position in shares of 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 acquiring an additional 200 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Vertiv in the first quarter valued at $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $94.54 on Friday. The firm has a market capitalization of $35.39 billion, a PE ratio of 90.90, a P/E/G ratio of 1.08 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The business has a 50-day moving average of $79.49 and a two-hundred day moving average of $85.36. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $109.27.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. As a group, research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

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

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated 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 sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VRT shares. TD Cowen increased 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. The Goldman Sachs Group reduced their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating and set 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 reduced their target price for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $102.13.

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.