Pursue Wealth Partners LLC Has $1.57 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Pursue Wealth Partners LLC lowered its position in Vertiv Holdings Co (NYSE:VRT) by 15.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,752 shares of the company’s stock after selling 2,908 shares during the period. Pursue Wealth Partners LLC’s holdings in Vertiv were worth $1,567,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. ORG Partners LLC increased its stake in Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP increased its position in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares during the last quarter. Callan Family Office LLC lifted its position in Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after acquiring an additional 137 shares in the last quarter. Finally, Optimum Investment Advisors boosted its stake in Vertiv by 11.1% during the 3rd quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock valued at $149,000 after purchasing an additional 150 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on VRT. TD Cowen increased their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer raised their target price on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America upped their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Mizuho raised their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $122.11.

Vertiv Price Performance

Shares of Vertiv stock opened at $109.83 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.00 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12 month low of $38.68 and a 12 month high of $116.41. The business’s 50-day moving average price is $96.35 and its 200-day moving average price is $90.95. The firm has a market capitalization of $41.20 billion, a PE ratio of 72.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

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.