Azzad Asset Management Inc. ADV Makes New $456,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Azzad Asset Management Inc. ADV bought a new position in Vertiv Holdings Co (NYSE:VRT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,585 shares of the company’s stock, valued at approximately $456,000.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC acquired a new stake in Vertiv in the second quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its position in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Atticus Wealth Management LLC acquired a new stake in Vertiv in the first quarter worth approximately $27,000. Mather Group LLC. increased its holdings 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 buying an additional 200 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Vertiv during the 1st quarter valued at $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho raised 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 report on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective 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. Evercore ISI raised their target price on shares of Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday. TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday. They issued a “buy” rating and a $125.00 price objective for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $106.89.

Vertiv Stock Performance

Shares of VRT opened at $106.82 on Wednesday. The company has a market capitalization of $39.99 billion, a PE ratio of 102.71, a PEG ratio of 1.26 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The company’s 50 day moving average price is $83.31 and its 200 day moving average price is $87.50. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $109.27.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 in the previous year, the company posted $0.46 EPS. Vertiv’s revenue was up 12.6% on a year-over-year basis. Research analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared 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 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Vertiv Company 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.