2,685 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,685 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds have also bought and sold shares of VRT. Intech Investment Management LLC increased its position in shares of Vertiv by 72.1% in the 2nd quarter. Intech Investment Management LLC now owns 32,898 shares of the company’s stock valued at $2,848,000 after acquiring an additional 13,784 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in shares of Vertiv by 15.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 2,476 shares of the company’s stock valued at $214,000 after purchasing an additional 335 shares during the period. Seven Eight Capital LP purchased a new position in shares of Vertiv in the second quarter worth about $4,426,000. Highlander Partners L.P. lifted its holdings in shares of Vertiv by 0.7% during the second quarter. Highlander Partners L.P. now owns 413,941 shares of the company’s stock worth $35,835,000 after purchasing an additional 2,700 shares during the period. Finally, Blair William & Co. IL boosted its position in Vertiv by 97.3% in the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after buying an additional 3,382 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the company’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 owns 10,542 shares in the company, valued at approximately $843,254.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on VRT. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Evercore ISI restated an “outperform” rating and set a $105.00 target price on shares of Vertiv in a research report on Thursday, August 15th. The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, TD Cowen lifted their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $102.13.

Vertiv Trading Up 2.7 %

VRT stock opened at $94.54 on Monday. Vertiv Holdings Co has a 52-week low of $34.60 and a 52-week high of $109.27. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The firm has a market cap of $35.39 billion, a P/E ratio of 90.90, a PEG ratio of 1.08 and a beta of 1.58. The company’s 50-day simple moving average is $79.49 and its 200-day simple moving average is $85.45.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion for 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%. Vertiv’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 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.