Werlinich Asset Management LLC Purchases New Stake in Vertiv Holdings Co (NYSE:VRT)

Werlinich Asset Management LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 13,725 shares of the company’s stock, valued at approximately $1,366,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VRT. Fulton Bank N.A. bought a new stake in shares of Vertiv during the 3rd quarter valued at about $304,000. IAM Advisory LLC boosted its stake in Vertiv by 6.1% in the third quarter. IAM Advisory LLC now owns 5,819 shares of the company’s stock valued at $579,000 after acquiring an additional 337 shares during the period. Diversified Trust Co grew its holdings in shares of Vertiv by 530.7% during the third quarter. Diversified Trust Co now owns 32,565 shares of the company’s stock valued at $3,240,000 after purchasing an additional 27,402 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in shares of Vertiv during the 3rd quarter worth approximately $456,000. Finally, GAMMA Investing LLC raised its position in shares of Vertiv by 102.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock worth $189,000 after purchasing an additional 962 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday. They set a “buy” rating and a $125.00 price target for the company. TD Cowen increased 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. Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $106.89.

Vertiv Stock Up 1.4 %

Vertiv stock opened at $106.72 on Tuesday. The company’s 50-day moving average price is $82.73 and its two-hundred day moving average price is $87.33. The stock has a market cap of $39.95 billion, a price-to-earnings ratio of 102.62, a PEG ratio of 1.26 and a beta of 1.59. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $109.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its 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 firm 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 firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.01% of the stock is owned by corporate insiders.

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.