KP Management LLC Purchases 5,000 Shares of Vertiv Holdings Co (NYSE:VRT)

KP Management LLC raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 9.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Vertiv accounts for about 1.8% of KP Management LLC’s investment portfolio, making the stock its 20th largest position. KP Management LLC’s holdings in Vertiv were worth $5,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VRT. Atticus Wealth Management LLC acquired a new stake in Vertiv during the first quarter valued at approximately $27,000. Mather Group LLC. grew its holdings in shares of 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 during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Vertiv in the second quarter valued at $34,000. Hazlett Burt & Watson Inc. bought a new position in shares of Vertiv in the first quarter valued at about $34,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Vertiv during the first quarter worth approximately $35,000. Institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Evercore ISI reissued an “outperform” rating and issued a $105.00 price target on shares of Vertiv in a research note on Thursday, August 15th. TD Cowen lifted their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and cut their target price for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv has an average rating of “Buy” and an average price target of $102.13.

Vertiv Stock Down 1.9 %

Vertiv stock opened at $97.62 on Wednesday. The company has a fifty day simple moving average of $81.17 and a 200 day simple moving average of $86.78. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The company has a market cap of $36.54 billion, a P/E ratio of 93.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm 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 of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. Vertiv’s dividend payout ratio is currently 9.62%.

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.