Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 39.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,450 shares of the company’s stock after acquiring an additional 3,772 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Vertiv were worth $1,338,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the second quarter worth about $331,091,000. Price T Rowe Associates Inc. MD increased its stake in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after acquiring an additional 1,766,784 shares during the period. Castle Hook Partners LP acquired a new stake in shares of Vertiv in the first quarter worth approximately $135,987,000. Finally, Westfield Capital Management Co. LP grew its holdings in Vertiv by 85.2% in the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after purchasing an additional 1,563,466 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VRT shares. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. Mizuho boosted their price target on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer raised their price objective on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup boosted their target price on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has a consensus rating of “Buy” and an average price target of $122.11.

Vertiv Stock Up 1.9 %

NYSE VRT opened at $112.17 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $116.41. The business has a 50 day moving average price of $93.57 and a two-hundred day moving average price of $90.23. The stock has a market cap of $42.08 billion, a PE ratio of 87.63, a P/E/G ratio of 1.47 and a beta of 1.59.

Vertiv (NYSE:VRT) last announced its 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. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.58 EPS 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 of this dividend 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 7.81%.

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 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.