Meeder Asset Management Inc. Acquires 2,689 Shares of Vertiv Holdings Co (NYSE:VRT)

Meeder Asset Management Inc. lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 4,636.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,747 shares of the company’s stock after purchasing an additional 2,689 shares during the period. Meeder Asset Management Inc.’s holdings in Vertiv were worth $238,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Vertiv by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after acquiring an additional 119 shares during the period. Lindbrook Capital LLC raised its holdings in Vertiv by 33.2% in the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock worth $45,000 after purchasing an additional 137 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Vertiv by 66.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Finally, Mather Group LLC. grew its position in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv 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 completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VRT shares. Evercore ISI reissued an “outperform” rating and set a $105.00 target price on shares of Vertiv in a research report on Thursday, August 15th. The Goldman Sachs Group decreased their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen upped their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $96.22.

Vertiv Price Performance

Shares of NYSE:VRT opened at $85.74 on Friday. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month 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 $32.10 billion, a PE ratio of 82.44, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. The company’s 50 day moving average is $79.75 and its 200 day moving average is $84.51.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s payout ratio is 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.