Inspire Investing LLC lowered its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 26.4% in the second quarter, HoldingsChannel.com reports. The fund owned 9,450 shares of the company’s stock after selling 3,381 shares during the quarter. Inspire Investing LLC’s holdings in Vertiv were worth $1,213,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Vertiv by 62.2% in the 1st quarter. Farther Finance Advisors LLC now owns 5,887 shares of the company’s stock valued at $443,000 after buying an additional 2,257 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Vertiv by 58.0% in the 1st quarter. Focus Financial Network Inc. now owns 5,202 shares of the company’s stock valued at $376,000 after buying an additional 1,910 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Vertiv by 37.6% in the 1st quarter. Fifth Third Bancorp now owns 1,549 shares of the company’s stock valued at $112,000 after buying an additional 423 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of Vertiv by 31.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 6,704 shares of the company’s stock valued at $484,000 after buying an additional 1,602 shares during the period. Finally, Elevation Point Wealth Partners LLC lifted its holdings in shares of Vertiv by 7.0% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,863 shares of the company’s stock valued at $857,000 after buying an additional 779 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Stock Performance
NYSE VRT opened at $169.09 on Friday. The stock has a market capitalization of $64.57 billion, a price-to-earnings ratio of 80.90, a PEG ratio of 1.48 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $183.11. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average of $139.45 and a 200 day moving average of $116.61.
Vertiv Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders 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 is presently 7.18%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Vertiv from $143.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Roth Capital reissued a “buy” rating and issued a $162.00 price objective on shares of Vertiv in a report on Thursday, September 25th. Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 21st. JPMorgan Chase & Co. upped their price target on Vertiv from $127.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, UBS Group upped their price target on Vertiv from $135.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.84.
Check Out Our Latest Analysis on Vertiv
Insider Transactions at Vertiv
In other Vertiv news, insider Paul Ryan sold 22,218 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of the transaction, the insider owned 12,803 shares of the company’s stock, valued at $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares of the company’s stock, valued at $17,095,957.26. The trade was a 42.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock worth $23,360,571 over the last three months. 2.63% of the stock is owned by insiders.
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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