Dakota Wealth Administration lower its stake in Vertiv Holdings Co (NYSE:VRT – Free Report) by 43.2% within the third quarter, in keeping with its most up-to-date disclosure with the Securities and Change Fee (SEC). The agency owned 41,192 shares of the corporate’s inventory after promoting 31,332 shares in the course of the interval. Dakota Wealth Administration’s holdings in Vertiv have been price $4,098,000 on the finish of the latest reporting interval.
A number of different institutional traders and hedge funds have additionally purchased and bought shares of the inventory. Anchor Funding Administration LLC bought a brand new place in shares of Vertiv in the course of the second quarter valued at roughly $26,000. Atticus Wealth Administration LLC bought a brand new place in shares of Vertiv in the course of the first quarter valued at roughly $27,000. Mather Group LLC. lifted its holdings in shares of Vertiv by 132.5% in the course of the second quarter. Mather Group LLC. now owns 351 shares of the corporate’s inventory valued at $29,000 after buying a further 200 shares over the past quarter. Krane Funds Advisors LLC bought a brand new place in shares of Vertiv in the course of the third quarter valued at roughly $29,000. Lastly, World Belief Asset Administration LLC bought a brand new place in shares of Vertiv in the course of the third quarter valued at roughly $30,000. 89.92% of the inventory is at the moment owned by hedge funds and different institutional traders.
Vertiv Buying and selling Up 1.9 %
NYSE:VRT opened at $112.14 on Friday. The corporate has a present ratio of 1.36, a fast ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month excessive of $116.41. The corporate has a market cap of $41.98 billion, a PE ratio of 107.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The corporate has a 50 day easy shifting common of $92.92 and a two-hundred day easy shifting common of $89.97.
Vertiv (NYSE:VRT – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, October twenty third. The corporate reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a internet margin of 6.93% and a return on fairness of fifty.79%. The agency had income of $2.07 billion in the course of the quarter, in comparison with the consensus estimate of $1.98 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $0.52 EPS. The corporate’s income for the quarter was up 19.0% in comparison with the identical quarter final 12 months. Analysis analysts forecast that Vertiv Holdings Co will publish 2.58 earnings per share for the present 12 months.
Vertiv Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of document on Tuesday, September seventeenth got a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized foundation and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September seventeenth. Vertiv’s payout ratio is 9.62%.
Insider Exercise
In different information, insider Karsten Winther bought 44,924 shares of the enterprise’s inventory in a transaction on Tuesday, September third. The shares have been bought at a median worth of $79.99, for a complete transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the corporate’s inventory, valued at $843,254.58. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Insiders personal 5.01% of the corporate’s inventory.
Analyst Rankings Modifications
A number of equities analysts have just lately issued reviews on the inventory. Evercore ISI lifted their goal worth on shares of Vertiv from $125.00 to $135.00 and gave the corporate an “outperform” score in a report on Thursday. Jefferies Monetary Group initiated protection on shares of Vertiv in a analysis report on Monday, October seventh. They set a “purchase” score and a $125.00 worth goal for the corporate. Citigroup raised their worth goal on shares of Vertiv from $130.00 to $134.00 and gave the corporate a “purchase” score in a analysis report on Thursday. Mizuho raised their worth goal on shares of Vertiv from $110.00 to $125.00 and gave the corporate an “outperform” score in a analysis report on Thursday. Lastly, The Goldman Sachs Group decreased their worth goal on shares of Vertiv from $116.00 to $104.00 and set a “purchase” score for the corporate in a analysis report on Thursday, July twenty fifth. 9 analysis analysts have rated the inventory with a purchase score, Primarily based on knowledge from MarketBeat, the inventory at the moment has a consensus score of “Purchase” and a median goal worth of $122.11.
View Our Newest Evaluation on Vertiv
Vertiv Profile
Vertiv Holdings Co, along with its subsidiaries, designs, manufactures, and companies important digital infrastructure applied sciences and life cycle companies for knowledge facilities, communication networks, and industrial and industrial environments within the Americas, the Asia Pacific, Europe, the Center East, and Africa.
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