Vertiv Holdings Co (NYSE:VRT) Shares Sold by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,752 shares of the company’s stock after selling 2,908 shares during the quarter. Pursue Wealth Partners LLC’s holdings in Vertiv were worth $1,567,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in Vertiv during the 2nd quarter valued at $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 valued at $29,000 after buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the third quarter worth about $30,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Vertiv in the second quarter valued at $34,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on VRT. Oppenheimer increased their price target on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group started 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. Citigroup lifted their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv has a consensus rating of “Buy” and a consensus price target of $122.11.

Vertiv Stock Up 0.5 %

NYSE:VRT opened at $109.83 on Friday. Vertiv Holdings Co has a 52-week low of $38.68 and a 52-week high of $116.41. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.00 and a current ratio of 1.38. The stock has a 50-day simple moving average of $96.35 and a 200 day simple moving average of $90.95. The company has a market cap of $41.20 billion, a PE ratio of 72.86, a PEG ratio of 1.22 and a beta of 1.59.

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

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is 6.67%.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

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.