Sax Wealth Advisors LLC Increases Position in Vertiv Holdings Co (NYSE:VRT)

Sax Wealth Advisors LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,193 shares of the company’s stock after purchasing an additional 419 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Vertiv were worth $716,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in Vertiv during the second quarter worth approximately $26,000. Atticus Wealth Management LLC purchased a new position in Vertiv during the first quarter worth approximately $27,000. Mather Group LLC. boosted its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth approximately $29,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Vertiv from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group reduced their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Mizuho increased their target price on Vertiv from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Evercore ISI increased their target price on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $112.44.

Vertiv Price Performance

VRT stock opened at $114.28 on Friday. The business has a fifty day moving average of $89.49 and a two-hundred day moving average of $88.98. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 109.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 52-week low of $34.60 and a 52-week high of $116.19.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given 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 currently 9.62%.

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.