2,894 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,894 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in Vertiv during the 2nd quarter worth about $26,000. Atticus Wealth Management LLC acquired a new stake in Vertiv during the 1st quarter worth about $27,000. Mather Group LLC. grew its position in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth about $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Vertiv during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $112.14 on Friday. The stock has a market cap of $41.98 billion, a PE ratio of 107.83, a P/E/G ratio of 1.42 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $116.41. The stock has a fifty day simple moving average of $92.92 and a 200-day simple moving average of $89.97.

Vertiv (NYSE:VRT) last announced 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 50.79% and a net margin of 6.93%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business posted $0.52 EPS. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Bank of America increased their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup increased their price target on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI lifted their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen lifted their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Mizuho lifted their price target on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $122.11.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the 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 sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.01% of the stock is currently owned by company insiders.

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.