TD Private Client Wealth LLC grew its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 167.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,363 shares of the company’s stock after buying an additional 853 shares during the period. TD Private Client Wealth LLC’s holdings in Vertiv were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC bought a new position in Vertiv during the first quarter worth about $26,000. SouthState Corp bought a new position in shares of Vertiv during the 1st quarter valued at about $27,000. North Star Investment Management Corp. lifted its holdings in shares of Vertiv by 4,120.0% during the 1st 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 in the last quarter. Sachetta LLC lifted its holdings in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after purchasing an additional 317 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Vertiv during the 1st quarter valued at about $33,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Down 0.9%
NYSE:VRT opened at $138.57 on Monday. The firm has a market capitalization of $52.92 billion, a price-to-earnings ratio of 66.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.78. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The stock’s 50 day moving average price is $134.71 and its two-hundred day moving average price is $111.76. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is 7.18%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Vertiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 21st. Rothschild & Co Redburn assumed coverage on Vertiv in a report on Wednesday, August 20th. They set a “neutral” rating and a $135.00 price objective on the stock. Glj Research assumed coverage on Vertiv in a report on Tuesday, August 19th. They set a “sell” rating and a $112.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on Vertiv from $143.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Oppenheimer lifted their price objective on Vertiv from $140.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.25.
Get Our Latest Stock Report on VRT
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 transaction of $12,822,000.00. Following the transaction, the director owned 133,333 shares of the company’s stock, valued at $17,095,957.26. The trade was a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Ryan sold 22,218 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares in the company, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock worth $23,360,571 over the last 90 days. Company insiders own 5.01% of the company’s stock.
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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