Vertiv Holdings Co (NYSE:VRT) Shares Bought by Menard Financial Group LLC

Menard Financial Group LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 24.2% in the third quarter, Holdings Channel reports. The firm owned 6,553 shares of the company’s stock after purchasing an additional 1,276 shares during the period. Menard Financial Group LLC’s holdings in Vertiv were worth $652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. Anchor Investment Management LLC purchased a new stake in Vertiv during the second quarter worth approximately $26,000. Mather Group LLC. lifted its holdings in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Vertiv during the 3rd quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the 3rd quarter valued at $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT stock opened at $128.14 on Wednesday. The stock has a market capitalization of $48.10 billion, a price-to-earnings ratio of 85.43, a PEG ratio of 1.31 and a beta of 1.61. Vertiv Holdings Co has a one year low of $43.66 and a one year high of $145.67. The company’s 50-day simple moving average is $116.11 and its 200-day simple moving average is $96.69. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during 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 business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Equities analysts anticipate 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 issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is 6.67%.

Analyst Ratings Changes

Several brokerages have recently weighed in on VRT. Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Oppenheimer lifted their price objective 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. Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $138.50.

Insider Transactions at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred 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. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by 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.