Raymond James Financial Services Advisors Inc. Acquires 4,028 Shares of Vertiv Holdings Co (NYSE:VRT)

Raymond James Financial Services Advisors Inc. grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,193 shares of the company’s stock after acquiring an additional 4,028 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Vertiv were worth $1,354,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VRT. FMR LLC lifted its position in Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Vanguard Group Inc. lifted its position in Vertiv by 12.1% during the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock worth $1,176,590,000 after purchasing an additional 3,417,710 shares during the period. BlackRock Inc. lifted its position in Vertiv by 32.8% during the first quarter. BlackRock Inc. now owns 18,988,356 shares of the company’s stock worth $265,836,000 after purchasing an additional 4,693,256 shares during the period. Starboard Value LP bought a new stake in Vertiv during the fourth quarter worth about $230,880,000. Finally, Clearbridge Investments LLC lifted its position in Vertiv by 9.5% during the first quarter. Clearbridge Investments LLC now owns 14,099,958 shares of the company’s stock worth $197,399,000 after purchasing an additional 1,226,985 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. Mizuho upped their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Evercore ISI upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup boosted their target price on Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Oppenheimer assumed coverage on Vertiv in a research note on Friday, April 5th. They set an “outperform” rating and a $96.00 target price for the company. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.56.

Vertiv Stock Down 2.9 %

Shares of NYSE VRT opened at $83.87 on Friday. The stock has a 50-day moving average price of $72.45 and a two-hundred day moving average price of $54.37. Vertiv Holdings Co has a 12 month low of $11.95 and a 12 month high of $88.69. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The company has a market cap of $32.04 billion, a price-to-earnings ratio of 71.08, a PEG ratio of 1.36 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Vertiv Holdings Co will post 2.34 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is currently 8.47%.

Insider Activity

In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by 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.