Shelton Capital Management increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 100.0% during the second quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Shelton Capital Management’s holdings in Vertiv were worth $1,284,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. SouthState Corp bought a new stake in shares of Vertiv during the first quarter valued at about $27,000. Avion Wealth grew its stake in Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Vertiv during the second quarter valued at approximately $32,000. Banque Transatlantique SA bought a new stake in Vertiv during the 1st quarter worth approximately $33,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in Vertiv by 780.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock worth $34,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
Vertiv Price Performance
VRT opened at $180.88 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $69.16 billion, a P/E ratio of 68.26, a PEG ratio of 1.45 and a beta of 2.03. The stock has a 50-day moving average price of $172.34 and a 200-day moving average price of $142.34. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45.
Vertiv Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Tuesday, November 25th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, November 25th. This is a boost from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is 9.43%.
Insider Buying and Selling at Vertiv
In other news, Director Jakki L. Haussler sold 15,680 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. This trade represents a 57.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on VRT. TD Cowen boosted their price target on shares of Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Cowen reissued a “buy” rating and set a $211.00 price objective on shares of Vertiv in a research note on Monday. Mizuho upped their target price on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft set a $216.00 price target on Vertiv and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.86.
Check Out Our Latest Research Report on VRT
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.
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