Precision Wealth Strategies LLC Has $475,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Precision Wealth Strategies LLC grew its position in Vertiv Holdings Co (NYSE:VRT) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,771 shares of the company’s stock after buying an additional 165 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Vertiv were worth $475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC boosted its holdings in shares of Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares during the period. NBC Securities Inc. boosted its holdings in shares of Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after purchasing an additional 112 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Vertiv by 22.3% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 119 shares during the period. Callan Family Office LLC boosted its holdings in shares of Vertiv by 0.9% during the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after purchasing an additional 137 shares during the period. Finally, Optimum Investment Advisors boosted its holdings in shares of Vertiv by 11.1% during the third quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $149,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on VRT shares. Bank of America lifted their target price on shares of Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. TD Cowen lifted their target price on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Evercore ISI lifted 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. Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Mizuho lifted their price target on shares of Vertiv from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Buy” and a consensus price target of $112.44.

Insider Buying and Selling

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 transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Down 0.2 %

VRT opened at $112.06 on Tuesday. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $116.19. 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 $91.09 and its two-hundred day moving average price is $89.51. The company has a market capitalization of $41.95 billion, a P/E ratio of 107.75, a P/E/G ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. On average, 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 dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

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.