Vertiv Holdings Co. (NYSE:VRT) Position Boosted by OneDigital Investment Advisors LLC

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

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

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the firm'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 completion of the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the firm'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 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 position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Vertiv Price Performance

VRT traded up $3.59 on Friday, reaching $127.92. The company had a trading volume of 4,003,595 shares, compared to its average volume of 8,551,627. The company has a fifty day moving average of $109.25 and a 200-day moving average of $103.41. The company has a market capitalization of $48.75 billion, a P/E ratio of 74.37, a PEG ratio of 1.27 and a beta of 1.75. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a one year low of $53.60 and a one year 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, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. Vertiv's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. This represents a yield of 0.14%. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is currently 8.72%.

Analysts Set New Price Targets

VRT has been the topic of several recent analyst reports. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Citigroup upped their price target on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a report on Monday, June 16th. Morgan Stanley cut their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group upped their price target on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

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.