Federated Hermes Inc. Sells 26,747 Shares of Vertiv Holdings Co (NYSE:VRT)

Federated Hermes Inc. reduced its position in Vertiv Holdings Co (NYSE:VRT) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,720 shares of the company’s stock after selling 26,747 shares during the quarter. Federated Hermes Inc.’s holdings in Vertiv were worth $4,501,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 409 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Vertiv during the 4th quarter valued at approximately $38,000. TFC Financial Management Inc. bought a new stake in shares of Vertiv during the 4th quarter valued at approximately $42,000. Clearstead Advisors LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at approximately $38,000. Finally, Huntington National Bank grew its holdings in shares of Vertiv by 299.1% during the 3rd quarter. Huntington National Bank now owns 1,329 shares of the company’s stock valued at $49,000 after purchasing an additional 996 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by company insiders.

Vertiv Stock Up 3.5 %

Shares of NYSE VRT opened at $93.49 on Friday. The company has a market capitalization of $35.71 billion, a P/E ratio of 89.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. Vertiv Holdings Co has a 52-week low of $13.73 and a 52-week high of $95.32. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The company’s 50 day moving average price is $76.51 and its 200-day moving average price is $57.47.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. Equities analysts forecast that Vertiv Holdings Co will post 2.31 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRT. Evercore ISI lifted their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer boosted their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America boosted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Citigroup boosted their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

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.