Atria Wealth Solutions Inc. Buys New Stake in Vertiv Holdings Co (NYSE:VRT)

Atria Wealth Solutions Inc. purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,057 shares of the company's stock, valued at approximately $867,000.

Other large investors have also added to or reduced their stakes in the company. Hartline Investment Corp bought a new stake in Vertiv during the 4th quarter valued at approximately $6,476,000. Harvest Fund Management Co. Ltd boosted its position in shares of Vertiv by 68.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,583 shares of the company's stock valued at $700,000 after purchasing an additional 5,909 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Vertiv by 252.0% in the fourth quarter. Wolverine Asset Management LLC now owns 44,000 shares of the company's stock worth $2,113,000 after purchasing an additional 31,500 shares during the period. GAMMA Investing LLC bought a new position in Vertiv in the fourth quarter worth $26,000. Finally, Mosaic Advisors LLC purchased a new position in Vertiv during the fourth quarter valued at $691,000. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on VRT shares. Evercore ISI upped their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. Bank of America raised their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, April 25th. Finally, Citigroup raised their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.11.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares of the company's stock, valued at $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Insiders sold 3,362,790 shares of company stock valued at $306,451,347 in the last 90 days. Insiders own 5.62% of the company's stock.

Vertiv Stock Performance

VRT traded up $0.84 during midday trading on Friday, hitting $93.01. 4,749,009 shares of the company traded hands, compared to its average volume of 10,865,014. The company's 50-day moving average is $79.56 and its 200 day moving average is $59.26. Vertiv Holdings Co has a 52 week low of $14.27 and a 52 week high of $95.70. The firm has a market capitalization of $35.53 billion, a PE ratio of 89.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55. The company has a quick ratio of 1.35, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts expect that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv's payout ratio is currently 9.62%.

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.