Vertiv Holdings Co. (NYSE:VRT) Stock Holdings Lifted by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in Vertiv Holdings Co. (NYSE:VRT) by 25.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,339 shares of the company’s stock after purchasing an additional 9,057 shares during the period. Wealthfront Advisers LLC’s holdings in Vertiv were worth $3,273,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VRT. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the 4th quarter worth approximately $597,379,000. Norges Bank acquired a new position in Vertiv during the fourth quarter worth about $391,777,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock valued at $557,349,000 after buying an additional 990,361 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Up 4.6%

Shares of NYSE VRT opened at $131.15 on Friday. The stock has a fifty day moving average price of $115.44 and a 200 day moving average price of $104.03. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The company has a market cap of $49.98 billion, a P/E ratio of 76.25, a P/E/G ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. Vertiv’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0375 dividend. This represents a yield of 0.14%. This is a boost from Vertiv’s previous dividend of $0.01. The ex-dividend date was Monday, June 16th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VRT shares. Wolfe Research reissued an “outperform” rating and issued a $155.00 target price on shares of Vertiv in a report on Thursday, July 10th. Evercore ISI restated an “outperform” rating on shares of Vertiv in a research note on Thursday, July 10th. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective for the company. Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Bank of America lifted their price target on shares of Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $136.76.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Vertiv Profile

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.