Cerity Partners LLC Purchases 9,086 Shares of Vertiv Holdings Co (NYSE:VRT)

Cerity Partners LLC raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 25.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,729 shares of the company’s stock after purchasing an additional 9,086 shares during the period. Cerity Partners LLC’s holdings in Vertiv were worth $4,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRT. Great Valley Advisor Group Inc. boosted its stake in Vertiv by 82.2% during the third quarter. Great Valley Advisor Group Inc. now owns 31,155 shares of the company’s stock worth $3,100,000 after acquiring an additional 14,058 shares in the last quarter. Waddell & Associates LLC purchased a new position in shares of Vertiv during the third quarter valued at approximately $354,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $696,000. Nwam LLC purchased a new stake in shares of Vertiv in the 3rd quarter worth approximately $4,111,000. Finally, Telemark Asset Management LLC bought a new position in Vertiv during the 3rd quarter valued at approximately $2,985,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VRT shares. Citigroup increased their target price 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. raised 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. Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Evercore ISI raised their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has a consensus rating of “Buy” and an average price target of $138.50.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated 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 transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,451 shares of company stock valued at $26,699,153. Insiders own 5.01% of the company’s stock.

Vertiv Trading Down 3.6 %

NYSE:VRT opened at $126.94 on Friday. The company has a market cap of $47.65 billion, a PE ratio of 84.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58. 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 company has a 50 day simple moving average of $114.21 and a two-hundred day simple moving average of $96.11. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

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.