Freedom Investment Management Inc. Has $650,000 Stake in Vertiv Holdings Co (NYSE:VRT)

Freedom Investment Management Inc. reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,529 shares of the company’s stock after selling 81 shares during the quarter. Freedom Investment Management Inc.’s holdings in Vertiv were worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC bought a new position in shares of Vertiv in the second quarter valued at approximately $26,000. Mather Group LLC. lifted its position 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 acquiring an additional 200 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in Vertiv during the third quarter valued at about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the third quarter valued at approximately $30,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Vertiv in the third quarter worth $30,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $126.94 on Friday. The stock’s fifty day simple moving average is $114.21 and its 200 day simple moving average is $96.11. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $145.67. The firm has a market cap of $47.65 billion, a price-to-earnings ratio of 84.63, a P/E/G ratio of 1.36 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

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 net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company 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 $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Insider Activity

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The stock was 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 of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,451 shares of company stock worth $26,699,153. Insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Oppenheimer upped 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. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $138.50.

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.