Nkcfo LLC Sells 2,300 Shares of Vertiv Holdings Co (NYSE:VRT)

Nkcfo LLC cut its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 30.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,200 shares of the company’s stock after selling 2,300 shares during the quarter. Nkcfo LLC’s holdings in Vertiv were worth $450,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. Bogart Wealth LLC acquired a new position in Vertiv in the first quarter valued at about $25,000. Raleigh Capital Management Inc. raised its stake 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 during the last quarter. Atticus Wealth Management LLC acquired a new position in shares of Vertiv in the 1st quarter worth approximately $27,000. Mather Group LLC. grew its position in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Vertiv during the 1st quarter valued at $34,000. 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 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 completion of the sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.01% of the company’s stock.

Vertiv Price Performance

VRT opened at $94.55 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $109.27. The company has a fifty day moving average price of $79.49 and a two-hundred day moving average price of $85.25. The firm has a market capitalization of $35.39 billion, a PE ratio of 90.91, a P/E/G ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. As a group, analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on VRT. TD Cowen boosted their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Evercore ISI reissued an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus 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.