Cetera Investment Advisers Acquires 57,965 Shares of Vertiv Holdings Co (NYSE:VRT)

Cetera Investment Advisers raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,767 shares of the company's stock after acquiring an additional 57,965 shares during the quarter. Cetera Investment Advisers owned about 0.06% of Vertiv worth $24,627,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new stake in Vertiv during the fourth quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. raised its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VRT shares. The Goldman Sachs Group decreased their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Barclays reduced their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.63% of the company's stock.

Vertiv Trading Down 1.6 %

NYSE:VRT traded down $1.57 during trading hours on Friday, hitting $94.17. 6,364,741 shares of the company were exchanged, compared to its average volume of 9,013,115. The stock has a market capitalization of $35.89 billion, a price-to-earnings ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a fifty day simple moving average of $80.47 and a 200 day simple moving average of $106.26. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv's payout ratio is 8.72%.

Vertiv Company 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.