OneDigital Investment Advisors LLC Has $4.47 Million Stock Position in Vertiv Holdings Co. (NYSE:VRT)

OneDigital Investment Advisors LLC increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,951 shares of the company's stock after purchasing an additional 6,444 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Vertiv were worth $4,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hartline Investment Corp boosted its stake in Vertiv by 5.7% in the first quarter. Hartline Investment Corp now owns 258,781 shares of the company's stock valued at $18,684,000 after acquiring an additional 13,978 shares during the last quarter. North Capital Inc. acquired a new position in shares of Vertiv during the 1st quarter worth about $51,000. D.A. Davidson & CO. raised its position in shares of Vertiv by 21.4% in the 1st quarter. D.A. Davidson & CO. now owns 5,810 shares of the company's stock valued at $419,000 after acquiring an additional 1,026 shares during the period. Mutual Advisors LLC boosted its stake in Vertiv by 19.5% during the 1st quarter. Mutual Advisors LLC now owns 8,464 shares of the company's stock worth $611,000 after acquiring an additional 1,381 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Vertiv by 1,462.6% during the first quarter. Teacher Retirement System of Texas now owns 52,127 shares of the company's stock valued at $3,764,000 after purchasing an additional 48,791 shares during the period. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VRT shares. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Barclays decreased their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Finally, Citigroup raised their price objective on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on 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 completion of the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded down $1.27 during midday trading on Monday, reaching $126.57. 4,406,262 shares of the company's stock were exchanged, compared to its average volume of 8,535,197. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The stock's 50-day simple moving average is $109.25 and its 200 day simple moving average is $103.33. The firm has a market cap of $48.24 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 1.27 and a beta of 1.75. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results 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. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business's revenue was up 24.2% compared to the same quarter last year. On average, analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 0.14%. This is a boost from Vertiv's previous dividend of $0.01. 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.