Atlatl Advisers LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,380 shares of the company’s stock, valued at approximately $434,000.
Other hedge funds have also recently bought and sold shares of the company. Avion Wealth lifted its stake in Vertiv by 99.1% in the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Vertiv in the 2nd quarter worth about $32,000. DiNuzzo Private Wealth Inc. increased its position in Vertiv by 780.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock worth $34,000 after purchasing an additional 234 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Vertiv in the 2nd quarter worth about $37,000. Finally, Garde Capital Inc. increased its position in Vertiv by 1,886.7% in the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company’s stock worth $38,000 after purchasing an additional 283 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Stock Performance
Shares of NYSE VRT opened at $185.87 on Friday. The business’s 50-day simple moving average is $147.30 and its 200-day simple moving average is $124.14. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $188.89. The firm has a market cap of $70.98 billion, a price-to-earnings ratio of 70.14, a P/E/G ratio of 1.49 and a beta of 1.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 1.83.
Vertiv Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 5.66%.
Insiders Place Their Bets
In related news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 owned 133,333 shares in the company, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction that occurred on 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 sale, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,952 shares of company stock worth $23,360,571 in the last 90 days. 2.63% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have weighed in on VRT shares. Roth Capital reaffirmed a “buy” rating and issued a $195.00 target price (up from $162.00) on shares of Vertiv in a research report on Tuesday. Oppenheimer upped their target price on Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday. Melius Research raised Vertiv from a “hold” rating to a “strong-buy” rating and upped their target price for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. TD Cowen upped their target price on Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America increased their price objective on Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.81.
Get Our Latest Stock Analysis on VRT
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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