Vertiv Holdings Co (NYSE:VRT) Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 265.9% during the third quarter, Holdings Channel reports. The fund owned 12,034 shares of the company’s stock after acquiring an additional 8,745 shares during the period. SteelPeak Wealth LLC’s holdings in Vertiv were worth $1,197,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in Vertiv during the 2nd quarter worth about $26,000. Mather Group LLC. increased its stake in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Krane Funds Advisors LLC acquired a new stake in Vertiv in the third quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the third quarter worth approximately $30,000. Finally, OFI Invest Asset Management acquired a new position in Vertiv during the 2nd quarter worth approximately $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.01% of the stock is owned by company insiders.

Vertiv Price Performance

VRT stock opened at $112.47 on Thursday. The business has a 50 day simple moving average of $95.70 and a 200-day simple moving average of $90.82. The company has a market capitalization of $42.19 billion, a P/E ratio of 108.14, a PEG ratio of 1.47 and a beta of 1.59. Vertiv Holdings Co has a twelve month low of $37.21 and a twelve month high of $116.41. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

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

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Oppenheimer raised their price objective on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho raised their price target on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America raised their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lowered their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Evercore ISI boosted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $122.11.

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.