Hantz Financial Services Inc. Has $464,000 Position in Vertiv Holdings Co (NYSE:VRT)

Hantz Financial Services Inc. decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,664 shares of the company’s stock after selling 508 shares during the period. Hantz Financial Services Inc.’s holdings in Vertiv were worth $464,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter worth about $26,000. Mather Group LLC. increased its holdings 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 in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the third quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the third quarter valued at approximately $30,000. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv during the third quarter valued at approximately $30,000. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on 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 directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,451 shares of company stock valued at $26,699,153 over the last quarter. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Finally, Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $138.50.

Vertiv Stock Performance

Vertiv stock opened at $127.60 on Monday. Vertiv Holdings Co has a fifty-two week low of $42.50 and a fifty-two week high of $145.67. The stock’s 50 day simple moving average is $114.87 and its two-hundred day simple moving average is $96.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of 85.07, a PEG ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is 6.67%.

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.