10,912 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,912 shares of the company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares in the last quarter. TFC Financial Management Inc. purchased a new stake in Vertiv in the 4th quarter worth $42,000. Clearstead Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth $38,000. Huntington National Bank increased its holdings in Vertiv by 299.1% in the 3rd quarter. Huntington National Bank now owns 1,329 shares of the company’s stock worth $49,000 after acquiring an additional 996 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Vertiv in the 4th quarter worth $70,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 6.8 %

Shares of VRT opened at $84.53 on Thursday. The firm has a market cap of $32.29 billion, a P/E ratio of 71.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. Vertiv Holdings Co has a 12-month low of $12.22 and a 12-month high of $94.39. The company’s 50-day moving average price is $75.35 and its 200 day moving average price is $56.87. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45.

Vertiv (NYSE:VRT) last issued 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. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. Vertiv’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 8.47%.

Insiders Place Their Bets

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Stephen Liang sold 306,196 shares of the company’s 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 sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was 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. Insiders own 5.62% of the company’s stock.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Bank of America lifted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Mizuho lifted their target price on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Citigroup lifted their target price on shares of Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Oppenheimer initiated coverage on shares of Vertiv in a research note on Friday, April 5th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, Evercore ISI lifted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $74.56.

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.