Atria Investments Inc Buys 5,225 Shares of Vertiv Holdings Co (NYSE:VRT)

Atria Investments Inc raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 45.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,690 shares of the company’s stock after purchasing an additional 5,225 shares during the period. Atria Investments Inc’s holdings in Vertiv were worth $1,660,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC acquired a new stake in Vertiv in the first quarter valued at approximately $372,000. US Bancorp DE increased its holdings in shares of Vertiv by 25.7% in the 1st quarter. US Bancorp DE now owns 14,412 shares of the company’s stock worth $1,177,000 after buying an additional 2,951 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Vertiv during the 1st quarter valued at about $284,000. Vanguard Group Inc. grew 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 valued at $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Vertiv by 1,019.3% in the 1st 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 last quarter. 89.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 value of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 80.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $120.86 on Friday. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30. The stock has a market cap of $45.36 billion, a PE ratio of 80.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. The business’s fifty day moving average price is $104.39 and its two-hundred day moving average price is $93.49. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

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

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 6.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VRT shares. Oppenheimer lifted their price objective on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday. They set a “buy” rating and a $155.00 target price on the stock. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup raised their price objective on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $125.40.

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.