Mark Sheptoff Financial Planning LLC Buys 200 Shares of Vertiv Holdings Co (NYSE:VRT)

Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 200.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Vertiv were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VRT. Krane Funds Advisors LLC bought a new position in Vertiv in the third quarter worth about $29,000. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new position in shares of Vertiv in the 3rd quarter worth approximately $30,000. Finally, Mather Group LLC. lifted its stake in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRT shares. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Citigroup boosted their price objective on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer raised their target price 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. Finally, Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $138.50.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 44,924 shares of the 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 trade was a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,451 shares of company stock worth $26,699,153. Company insiders own 5.01% of the company’s stock.

Vertiv Trading Up 0.5 %

NYSE:VRT opened at $127.60 on Friday. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of 85.07, a PEG ratio of 1.31 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company’s 50 day moving average price is $114.87 and its 200-day moving average price is $96.32. Vertiv Holdings Co has a 52 week low of $42.50 and a 52 week high of $145.67.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

About Vertiv

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.