Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lifted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 66,543 shares of the company’s stock after buying an additional 1,099 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Vertiv were worth $6,620,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Krane Funds Advisors LLC bought a new stake in Vertiv in the 3rd quarter valued at about $29,000. Anchor Investment Management LLC bought a new stake in Vertiv in the 2nd quarter valued at about $26,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the 3rd quarter valued at about $30,000. Mather Group LLC. lifted its position in 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 last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Vertiv in the 3rd quarter valued at about $36,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent research reports. Mizuho lifted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup boosted their price target on shares of Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group started coverage on shares of Vertiv in a research report on Wednesday. They set a “buy” rating and a $155.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $125.40.

Vertiv Stock Performance

Shares of VRT opened at $120.86 on Friday. The firm’s 50 day moving average is $105.37 and its 200-day moving average is $93.67. The stock has a market capitalization of $45.36 billion, a P/E ratio of 80.57, a P/E/G ratio of 1.35 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 Holdings Co has a 12-month low of $41.01 and a 12-month high of $130.30.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred 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 owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.01% of the company’s stock.

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.