Insight Wealth Partners LLC Acquires 310 Shares of Vertiv Holdings Co (NYSE:VRT)

Insight Wealth Partners LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 11.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,083 shares of the company’s stock after acquiring an additional 310 shares during the quarter. Insight Wealth Partners LLC’s holdings in Vertiv were worth $307,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VRT. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the second quarter valued at approximately $26,000. Mather Group LLC. boosted its stake in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $30,000. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv during the 3rd quarter worth about $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $138.50.

Insider Activity at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction 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. The trade was a 80.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,832 shares of company stock worth $15,346,000 over the last 90 days. Insiders own 5.01% of the company’s stock.

Vertiv Stock Down 0.3 %

Shares of NYSE:VRT opened at $131.67 on Wednesday. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The firm has a market cap of $49.42 billion, a P/E ratio of 87.78, a P/E/G ratio of 1.36 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company’s 50-day moving average price is $112.73 and its two-hundred day moving average price is $95.67.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.52 earnings per share. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio 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.