Vertiv Holdings Co (NYSE:VRT) Shares Bought by Alerus Financial NA

Alerus Financial NA boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 155.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,347 shares of the company’s stock after purchasing an additional 30,642 shares during the period. Alerus Financial NA’s holdings in Vertiv were worth $5,009,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VRT. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Vertiv by 2,340.0% in the 3rd quarter. True Wealth Design LLC now owns 366 shares of the company’s stock worth $36,000 after acquiring an additional 351 shares during the last quarter. Encompass More Asset Management raised its position in shares of Vertiv by 39.6% during the third quarter. Encompass More Asset Management now owns 3,478 shares of the company’s stock worth $346,000 after purchasing an additional 987 shares during the period. Appian Way Asset Management LP purchased a new stake in shares of Vertiv during the third quarter valued at $8,656,000. Finally, Fred Alger Management LLC boosted its position in shares of Vertiv by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 3,320,425 shares of the company’s stock valued at $330,349,000 after purchasing an additional 652,436 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

Shares of NYSE:VRT opened at $127.60 on Friday. The business has a fifty day simple moving average of $114.87 and a 200 day simple moving average of $96.32. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1 year low of $42.50 and a 1 year high of $145.67. The firm has a market cap of $47.89 billion, a price-to-earnings ratio of 85.07, a P/E/G ratio of 1.31 and a beta of 1.58.

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

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s payout ratio is currently 6.67%.

Analysts Set New Price Targets

VRT has been the topic of several recent analyst reports. Citigroup boosted their price objective on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer increased their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $138.50.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,451 shares of company stock worth $26,699,153 in the last 90 days. 5.01% of the stock is owned by insiders.

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.