Vertiv Holdings Co (NYSE:VRT) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,032 shares of the company’s stock after selling 1,693 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Vertiv were worth $501,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VRT. Anchor Investment Management LLC purchased a new stake in Vertiv in the second quarter valued at approximately $26,000. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv during the 1st quarter valued at $27,000. Mather Group LLC. increased its holdings in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter worth $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Vertiv in the first quarter valued at $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Vertiv stock opened at $112.26 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The firm’s fifty day moving average price is $90.31 and its 200 day moving average price is $89.20. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 107.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $116.19.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year. On average, research analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is currently 9.62%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on VRT. TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Bank of America raised their price target on shares of Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Evercore ISI raised their target price on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $112.44.

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.