MassMutual Private Wealth & Trust FSB increased its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 34.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,030 shares of the company’s stock after buying an additional 262 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Vertiv were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VRT. GW&K Investment Management LLC acquired a new position in Vertiv during the first quarter worth $26,000. SouthState Corp acquired a new position in shares of Vertiv in the first quarter valued at $27,000. North Star Investment Management Corp. increased its holdings in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. Sachetta LLC increased its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after purchasing an additional 317 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Vertiv in the first quarter valued at $33,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Stock Performance
Shares of VRT stock opened at $143.99 on Friday. The company has a market cap of $54.99 billion, a price-to-earnings ratio of 68.90, a price-to-earnings-growth ratio of 1.25 and a beta of 1.78. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $133.18 and a 200-day moving average of $109.32.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 7.18%.
Wall Street Analyst Weigh In
Several research firms have commented on VRT. Evercore ISI reiterated an “outperform” rating on shares of Vertiv in a report on Thursday, July 10th. UBS Group upped their price target on shares of Vertiv from $135.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 21st. Mizuho upped their price target on shares of Vertiv from $125.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of Vertiv in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.
Read Our Latest Analysis on VRT
Insider Buying and Selling at Vertiv
In related news, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction 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 sale, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction on Tuesday, August 26th. The shares were 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is owned by company insiders.
Vertiv 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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