Quantum Private Wealth LLC Grows Position in Vertiv Holdings Co (NYSE:VRT)

Quantum Private Wealth LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 74.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,438 shares of the company’s stock after acquiring an additional 2,316 shares during the quarter. Quantum Private Wealth LLC’s holdings in Vertiv were worth $541,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in Vertiv in the second quarter valued at $26,000. Mather Group LLC. lifted its position in 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 purchased a new position in Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the third quarter worth about $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of Vertiv in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup raised their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. TD Cowen raised their price objective on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI lifted their target price on 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $122.11.

Vertiv Stock Performance

Shares of VRT stock opened at $123.11 on Friday. Vertiv Holdings Co has a 1-year low of $39.51 and a 1-year high of $124.86. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 81.45, a P/E/G ratio of 1.15 and a beta of 1.58. The stock’s fifty day simple moving average is $98.93 and its 200-day simple moving average is $91.90.

Vertiv (NYSE:VRT) last issued its 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. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

About Vertiv

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.