Vertiv Holdings Co (NYSE:VRT) Stock Holdings Increased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 24.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,450 shares of the company’s stock after purchasing an additional 54,700 shares during the quarter. Vertiv makes up approximately 2.8% of Zweig DiMenna Associates LLC’s holdings, making the stock its 9th largest holding. Zweig DiMenna Associates LLC owned 0.07% of Vertiv worth $27,703,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in Vertiv in the second quarter valued at $26,000. Atticus Wealth Management LLC purchased a new stake in Vertiv in the 1st quarter valued at about $27,000. Mather Group LLC. increased its stake in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the 3rd quarter worth about $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on VRT. Oppenheimer upped their price target on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho boosted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen increased their target price on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv has an average rating of “Buy” and an average target price of $122.11.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $110.05 on Friday. The company has a market cap of $41.20 billion, a P/E ratio of 105.82, a PEG ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $116.41. The business’s 50-day simple moving average is $92.37 and its 200 day simple moving average is $89.83. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

In related 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 completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.01% of the company’s stock.

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.