Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,965 shares of the company’s stock, valued at approximately $381,000.
Several other hedge funds also recently modified their holdings of the stock. Presidio Capital Management LLC boosted its position in Vertiv by 1.3% during the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company’s stock valued at $772,000 after purchasing an additional 80 shares during the last quarter. Grandview Asset Management LLC raised its stake in shares of Vertiv by 2.8% during the 2nd quarter. Grandview Asset Management LLC now owns 3,536 shares of the company’s stock worth $454,000 after purchasing an additional 96 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in shares of Vertiv by 14.9% in the 2nd quarter. Ameriflex Group Inc. now owns 770 shares of the company’s stock valued at $95,000 after buying an additional 100 shares during the last quarter. Cigna Investments Inc. New grew its stake in shares of Vertiv by 3.5% in the second quarter. Cigna Investments Inc. New now owns 3,755 shares of the company’s stock valued at $482,000 after buying an additional 127 shares in the last quarter. Finally, Commerce Bank increased its holdings in Vertiv by 0.7% during the first quarter. Commerce Bank now owns 20,739 shares of the company’s stock worth $1,497,000 after buying an additional 134 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Down 0.7%
Vertiv stock opened at $160.45 on Monday. The company’s 50-day moving average price is $137.27 and its two-hundred day moving average price is $114.13. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The stock has a market cap of $61.27 billion, a P/E ratio of 76.77, a P/E/G ratio of 1.41 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $168.99.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is currently 7.18%.
Insider Buying and Selling at Vertiv
In other Vertiv news, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the sale, the director owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the sale, the director directly owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 180,952 shares of company stock worth $23,360,571. Insiders own 5.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on VRT shares. Melius upgraded shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, July 8th. Evercore ISI reaffirmed an “outperform” rating on shares of Vertiv in a report on Thursday, July 10th. Rothschild Redb upgraded shares of Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Barclays boosted their price target on Vertiv from $128.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Bank of America raised their price objective on Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.95.
Get Our Latest Analysis on Vertiv
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.
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