Insight Wealth Partners LLC Has $307,000 Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Insight Wealth Partners LLC lifted its position in Vertiv Holdings Co (NYSE:VRT) by 11.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,083 shares of the company’s stock after buying an additional 310 shares during the period. Insight Wealth Partners LLC’s holdings in Vertiv were worth $307,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VRT. Jennison Associates LLC grew its stake in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the 2nd quarter valued at about $331,091,000. Westfield Capital Management Co. LP grew its position in shares of Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after purchasing an additional 40,696 shares during the period. Clearbridge Investments LLC increased its stake in Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Vertiv by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,524,112 shares of the company’s stock worth $218,512,000 after buying an additional 169,700 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,832 shares of company stock valued at $15,346,000. 5.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VRT. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Citigroup upped their target price 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. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv presently has an average rating of “Buy” and a consensus price target of $138.50.

Vertiv Trading Down 0.3 %

NYSE VRT opened at $131.67 on Wednesday. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a 50 day moving average of $112.73 and a 200-day moving average of $95.67. The company has a market cap of $49.42 billion, a PE ratio of 87.78, a PEG ratio of 1.36 and a beta of 1.58.

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

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is currently 6.67%.

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.