Krane Funds Advisors LLC Acquires Shares of 2,965 Vertiv Holdings Co (NYSE:VRT)

by · The Cerbat Gem

Krane Funds Advisors LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,965 shares of the company’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRT. Anchor Investment Management LLC acquired a new position in Vertiv during the 2nd quarter worth about $26,000. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv in the first quarter valued at approximately $27,000. Mather Group LLC. lifted its holdings in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Vertiv during the second quarter worth $34,000. Finally, RiverPark Advisors LLC bought a new stake in shares of Vertiv during the first quarter worth $35,000. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vertiv news, 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 transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Performance

Shares of VRT stock opened at $111.30 on Tuesday. The firm has a market cap of $41.66 billion, a PE ratio of 107.75, a P/E/G ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $116.19. The company’s fifty day simple moving average is $91.09 and its 200-day simple moving average is $89.51. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $0.46 EPS. Vertiv’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Analyst Ratings Changes

A number of analysts recently commented on VRT shares. Oppenheimer lifted their price objective on Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. TD Cowen raised their price objective on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Bank of America increased their target price on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Evercore ISI lifted their price objective on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $112.44.

Read Our Latest Stock Report on VRT

Vertiv Profile

(Free Report)

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.

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