First Horizon Advisors Inc. Acquires 2,921 Shares of Vertiv Holdings Co (NYSE:VRT)

First Horizon Advisors Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 441.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,583 shares of the company’s stock after purchasing an additional 2,921 shares during the quarter. First Horizon Advisors Inc.’s holdings in Vertiv were worth $172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC bought a new position in Vertiv during the 3rd quarter worth $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Vertiv in the 4th quarter valued at $38,000. TFC Financial Management Inc. bought a new stake in shares of Vertiv during the 4th quarter valued at $42,000. Finally, Huntington National Bank grew its holdings in shares of Vertiv by 299.1% during the 3rd quarter. Huntington National Bank now owns 1,329 shares of the company’s stock worth $49,000 after purchasing an additional 996 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on VRT shares. Mizuho boosted their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Bank of America increased their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Citigroup boosted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Oppenheimer raised their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.11.

Vertiv Stock Up 4.6 %

Vertiv stock opened at $97.26 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The firm’s fifty day moving average is $80.18 and its 200 day moving average is $59.96. The company has a market capitalization of $36.41 billion, a PE ratio of 93.52, a PEG ratio of 1.41 and a beta of 1.55. Vertiv Holdings Co has a 12-month low of $14.68 and a 12-month high of $97.28.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Activity at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now directly owns 9,324,181 shares in the company, valued at $873,116,308.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,362,790 shares of company stock worth $306,451,347. 5.62% of the stock is owned by company insiders.

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.