Sunbelt Securities Inc. Has $1.18 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Sunbelt Securities Inc. lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,671 shares of the company’s stock after acquiring an additional 231 shares during the period. Sunbelt Securities Inc.’s holdings in Vertiv were worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in VRT. Atticus Wealth Management LLC bought a new stake in shares of Vertiv during the first quarter worth approximately $27,000. Mather Group LLC. grew 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. OFI Invest Asset Management acquired a new position in Vertiv during the second quarter worth $34,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Vertiv during the 1st quarter worth about $34,000. Finally, RiverPark Advisors LLC bought a new stake in Vertiv in the first quarter valued at approximately $35,000. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Vertiv Stock Up 1.1 %

VRT stock opened at $99.49 on Tuesday. 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 company’s 50 day moving average is $81.04 and its 200 day moving average is $86.61. The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 95.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis. Sell-side analysts predict 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 was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VRT shares. The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Mizuho raised 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 reissued an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. Finally, TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv currently has an average rating of “Buy” and an average target price of $102.13.

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.