Total Clarity Wealth Management Inc. cut its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,582 shares of the company’s stock after selling 460 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Vertiv were worth $845,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. FengHe Fund Management Pte. Ltd. bought a new stake in Vertiv in the first quarter worth $33,389,000. Fox Run Management L.L.C. lifted its position in shares of Vertiv by 449.9% during the first quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock worth $1,556,000 after purchasing an additional 17,627 shares during the last quarter. Trilogy Capital Inc. bought a new stake in shares of Vertiv during the second quarter worth $2,790,000. Maxi Investments CY Ltd lifted its position in shares of Vertiv by 160.3% during the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company’s stock worth $1,879,000 after purchasing an additional 16,025 shares during the last quarter. Finally, Balboa Wealth Partners lifted its position in shares of Vertiv by 68.9% during the first quarter. Balboa Wealth Partners now owns 29,408 shares of the company’s stock worth $2,123,000 after purchasing an additional 12,001 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.
Vertiv Price Performance
Shares of NYSE VRT opened at $169.09 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market cap of $64.57 billion, a PE ratio of 80.90, a P/E/G ratio of 1.48 and a beta of 1.84. The business has a 50-day simple moving average of $139.45 and a two-hundred day simple moving average of $116.89. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $183.11.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is presently 7.18%.
Insider Buying and Selling
In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the transaction, the director directly owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the business’s 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 completion of the transaction, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 180,952 shares of company stock valued at $23,360,571. Insiders own 5.01% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Cfra Research upgraded Vertiv to a “moderate buy” rating in a research report on Tuesday, October 7th. Zacks Research lowered Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Redburn Atlantic upgraded Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Barclays raised their price target on Vertiv from $128.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Melius upgraded Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.84.
View Our Latest Stock Report 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.
Featured Articles
- Five stocks we like better than Vertiv
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- What is diluted earnings per share (Diluted EPS)?
- Could Target’s Week of Discounts Come Full Circle for Investors?
- Insider Selling Explained: Can it Inform Your Investing Choices?
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.