Farther Finance Advisors LLC Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Farther Finance Advisors LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 23.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,825 shares of the company’s stock after buying an additional 916 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vertiv were worth $480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. Norden Group LLC purchased a new stake in shares of Vertiv in the first quarter valued at approximately $266,000. Janney Montgomery Scott LLC increased its position in shares of Vertiv by 335.1% during the first quarter. Janney Montgomery Scott LLC now owns 36,508 shares of the company’s stock worth $2,982,000 after purchasing an additional 28,118 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Vertiv during the first quarter worth approximately $46,000. Nordea Investment Management AB increased its position in shares of Vertiv by 20.5% during the first quarter. Nordea Investment Management AB now owns 25,854 shares of the company’s stock worth $2,130,000 after purchasing an additional 4,398 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Vertiv during the first quarter worth approximately $645,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Up 7.1 %

Shares of NYSE:VRT opened at $120.42 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The business has a fifty day moving average of $98.93 and a two-hundred day moving average of $91.90. The stock has a market cap of $45.20 billion, a P/E ratio of 80.28, a PEG ratio of 1.15 and a beta of 1.58. Vertiv Holdings Co has a 52-week low of $39.48 and a 52-week high of $120.44.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis. On average, research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Analysts Set New Price Targets

Several brokerages recently commented on VRT. Oppenheimer boosted their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted their price target on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Mizuho boosted their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $122.11.

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.