Quadrant Capital Group LLC Purchases 170 Shares of Vertiv Holdings Co (NYSE:VRT)

Quadrant Capital Group LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRTFree Report) by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 857 shares of the company’s stock after purchasing an additional 170 shares during the period. Quadrant Capital Group LLC’s holdings in Vertiv were worth $41,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VRT. GAMMA Investing LLC bought a new position in shares of Vertiv during the fourth quarter valued at about $26,000. Clearstead Advisors LLC bought a new stake in Vertiv in the third quarter worth about $38,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Vertiv in the fourth quarter worth about $38,000. TFC Financial Management Inc. bought a new stake in Vertiv in the fourth quarter worth about $42,000. Finally, Huntington National Bank raised its position in Vertiv by 299.1% in the third quarter. Huntington National Bank now owns 1,329 shares of the company’s stock worth $49,000 after acquiring an additional 996 shares during the period. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on VRT. Bank of America lifted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on shares of Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Oppenheimer lifted their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Mizuho lifted their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Check Out Our Latest Stock Analysis on Vertiv

Vertiv Price Performance

Shares of NYSE:VRT opened at $106.17 on Tuesday. The company has a 50 day moving average of $88.72 and a 200 day moving average of $66.37. The stock has a market cap of $39.74 billion, a P/E ratio of 102.09, a P/E/G ratio of 1.55 and a beta of 1.55. Vertiv Holdings Co has a 12 month low of $17.94 and a 12 month high of $109.27. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRTGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’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 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. Vertiv’s dividend payout ratio is presently 9.62%.

Insiders Place Their Bets

In other Vertiv news, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total value of $1,731,034.62. Following the completion of the transaction, the director now owns 218,333 shares of the company’s stock, valued at approximately $22,676,065.38. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Vertiv news, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total value of $1,731,034.62. Following the completion of the transaction, the director now owns 218,333 shares of the company’s stock, valued at approximately $22,676,065.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders sold a total of 3,426,331 shares of company stock valued at $312,577,246 in the last quarter. Corporate insiders own 5.01% of the company’s stock.

Vertiv Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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