US Bancorp DE lifted its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 697,706 shares of the company’s stock after purchasing an additional 3,579 shares during the quarter. US Bancorp DE owned about 0.18% of Vertiv worth $89,592,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of VRT. Wedmont Private Capital grew its holdings in shares of Vertiv by 30.7% during the 1st quarter. Wedmont Private Capital now owns 2,965 shares of the company’s stock worth $206,000 after purchasing an additional 697 shares during the period. Farther Finance Advisors LLC raised its position in shares of Vertiv by 62.2% in the 1st quarter. Farther Finance Advisors LLC now owns 5,887 shares of the company’s stock valued at $443,000 after purchasing an additional 2,257 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of Vertiv by 61.2% in the 1st quarter. Pallas Capital Advisors LLC now owns 8,669 shares of the company’s stock valued at $626,000 after purchasing an additional 3,292 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Vertiv by 7.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 18,564 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,271 shares in the last quarter. Finally, Focus Financial Network Inc. raised its position in shares of Vertiv by 58.0% during the 1st quarter. Focus Financial Network Inc. now owns 5,202 shares of the company’s stock valued at $376,000 after acquiring an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Stock Up 0.8%
Shares of Vertiv stock opened at $168.80 on Friday. The stock has a 50-day moving average price of $138.90 and a 200 day moving average price of $115.83. The company has a market cap of $64.46 billion, a P/E ratio of 80.77, a P/E/G ratio of 1.47 and a beta of 1.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $170.89.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio is presently 7.18%.
Insider Transactions at Vertiv
In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 41,654 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on VRT shares. Bank of America upped their price target on Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Cfra Research raised Vertiv to a “moderate buy” rating in a research note on Tuesday. Citigroup raised their target price on Vertiv from $167.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday. Rothschild Redb raised Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Finally, Barclays upped their target price on Vertiv from $128.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $149.84.
View Our Latest Stock Analysis on Vertiv
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.
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