Private Advisor Group LLC Has $6.06 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Private Advisor Group LLC raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 60,934 shares of the company’s stock after purchasing an additional 24,068 shares during the quarter. Private Advisor Group LLC’s holdings in Vertiv were worth $6,062,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the 2nd quarter worth about $331,091,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares during the period. Vanguard Group Inc. increased its holdings in shares of Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares during the period. Castle Hook Partners LP bought a new position in shares of Vertiv during the 1st quarter worth about $135,987,000. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after purchasing an additional 1,563,466 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.01% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on VRT shares. Oppenheimer upped their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. TD Cowen upped their target price on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup upped their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Mizuho upped their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $122.11.

Vertiv Price Performance

Shares of Vertiv stock opened at $112.14 on Friday. 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 stock has a market capitalization of $41.98 billion, a price-to-earnings ratio of 107.83, a P/E/G ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $116.41. The firm’s 50-day moving average price is $92.92 and its two-hundred day moving average price is $89.97.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business earned $0.52 earnings per share. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. On average, equities analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s payout ratio is 9.62%.

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.