Vertiv Holdings Co (NYSE:VRT) Stock Position Lifted by Independent Advisor Alliance

Independent Advisor Alliance lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 68.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,743 shares of the company’s stock after purchasing an additional 27,426 shares during the quarter. Independent Advisor Alliance’s holdings in Vertiv were worth $6,740,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in shares of Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after acquiring an additional 3,649 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Vertiv by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock valued at $942,000 after buying an additional 3,114 shares in the last quarter. LRI Investments LLC acquired a new position in Vertiv during the first quarter worth about $48,000. Lazard Asset Management LLC raised its position in Vertiv by 1,569.5% in the first quarter. Lazard Asset Management LLC now owns 158,723 shares of the company’s stock worth $12,961,000 after acquiring an additional 149,216 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup raised their price objective on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective 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. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI increased their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $138.50.

Insider Buying and Selling

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 completion of the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,185 shares of company stock worth $10,074,936 in the last quarter. 5.01% of the stock is owned by corporate insiders.

Vertiv Trading Down 0.9 %

Shares of Vertiv stock opened at $140.15 on Monday. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67. The firm has a market capitalization of $52.60 billion, a PE ratio of 93.43, a price-to-earnings-growth ratio of 1.44 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. The company’s fifty day moving average price is $110.94 and its two-hundred day moving average price is $95.18.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current 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. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

Vertiv Company 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.