Sequoia Financial Advisors LLC Has $2.06 Million Position in Vertiv Holdings Co. $VRT

Sequoia Financial Advisors LLC lifted its stake in Vertiv Holdings Co. (NYSE:VRT) by 31.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,647 shares of the company’s stock after acquiring an additional 3,253 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vertiv were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Vertiv by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock worth $4,880,447,000 after purchasing an additional 291,596 shares during the last quarter. State Street Corp grew its stake in shares of Vertiv by 5.7% in the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock valued at $1,061,930,000 after buying an additional 442,937 shares in the last quarter. Geode Capital Management LLC increased its holdings in Vertiv by 3.4% in the second quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock worth $856,082,000 after buying an additional 219,970 shares during the last quarter. Invesco Ltd. raised its position in Vertiv by 20.9% during the second quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock valued at $761,662,000 after acquiring an additional 1,024,634 shares in the last quarter. Finally, Norges Bank bought a new position in Vertiv during the second quarter valued at approximately $538,132,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity

In other news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.63% of the company’s stock.

Vertiv Trading Up 3.6%

Shares of NYSE:VRT opened at $181.49 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The stock’s 50-day moving average is $170.15 and its 200-day moving average is $156.10. The company has a market cap of $69.39 billion, a P/E ratio of 68.49, a P/E/G ratio of 1.05 and a beta of 2.06. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $202.45.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.25. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Equities research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a $0.0625 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Vertiv’s dividend payout ratio (DPR) is currently 9.43%.

Wall Street Analyst Weigh In

VRT has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Vertiv in a report on Thursday, January 15th. The Goldman Sachs Group increased their target price on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. TD Cowen reaffirmed a “buy” rating and issued a $211.00 price target on shares of Vertiv in a research report on Monday, December 1st. Finally, UBS Group upped their price target on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.