Independent Advisor Alliance Grows Position in Vertiv Holdings Co. (NYSE:VRT)

Independent Advisor Alliance grew its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,641 shares of the company's stock after purchasing an additional 2,030 shares during the quarter. Independent Advisor Alliance's holdings in Vertiv were worth $5,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VRT. Vanguard Group Inc. grew its position in Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after buying an additional 1,359,070 shares during the period. Northern Trust Corp increased its stake in shares of Vertiv by 21.9% in the 4th quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock valued at $308,251,000 after purchasing an additional 487,909 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Vertiv by 54.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock worth $263,000,000 after purchasing an additional 812,389 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Vertiv by 3.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,112,929 shares of the company's stock worth $240,051,000 after purchasing an additional 77,859 shares in the last quarter. Finally, New South Capital Management Inc. boosted its position in Vertiv by 1.7% during the first quarter. New South Capital Management Inc. now owns 2,110,392 shares of the company's stock worth $152,370,000 after purchasing an additional 34,643 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.01% of the company's stock.

Vertiv Price Performance

Shares of VRT stock opened at $139.90 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The company has a market capitalization of $53.42 billion, a PE ratio of 66.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.77. The firm's 50-day moving average is $125.64 and its two-hundred day moving average is $104.35. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. Analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is 7.18%.

Analysts Set New Price Targets

A number of research firms have recently commented on VRT. Citigroup boosted their price objective on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wolfe Research reissued an "outperform" rating and issued a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. Roth Capital upped their price objective on shares of Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Oppenheimer increased their price objective on shares of Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, William Blair assumed coverage on shares of Vertiv in a research note on Monday, July 28th. They set an "outperform" rating for the company. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.06.

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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