Farther Finance Advisors LLC Has $443,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Farther Finance Advisors LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 62.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,887 shares of the company's stock after buying an additional 2,257 shares during the quarter. Farther Finance Advisors LLC's holdings in Vertiv were worth $443,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Outlook Wealth Advisors LLC acquired a new stake in Vertiv in the first quarter valued at about $475,000. KMG Fiduciary Partners LLC boosted its stake in Vertiv by 13.6% in the first quarter. KMG Fiduciary Partners LLC now owns 32,652 shares of the company's stock valued at $2,357,000 after buying an additional 3,903 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Vertiv in the first quarter valued at about $255,000. Wedmont Private Capital boosted its stake in Vertiv by 30.7% in the first quarter. Wedmont Private Capital now owns 2,965 shares of the company's stock valued at $206,000 after buying an additional 697 shares in the last quarter. Finally, Gemmer Asset Management LLC acquired a new stake in Vertiv in the first quarter valued at about $597,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 3.2%

Shares of Vertiv stock opened at $110.78 on Monday. The stock's 50-day moving average is $94.49 and its 200 day moving average is $103.67. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The firm has a market cap of $42.22 billion, a price-to-earnings ratio of 86.55, a PEG ratio of 1.07 and a beta of 1.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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

Vertiv Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is currently 8.72%.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on VRT. The Goldman Sachs Group raised their price objective on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley lowered their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Citigroup cut their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Finally, Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.69.

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.

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