HighTower Advisors LLC Purchases 6,564 Shares of Vertiv Holdings Co (NYSE:VRT)

HighTower Advisors LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,708 shares of the company’s stock after acquiring an additional 6,564 shares during the period. HighTower Advisors LLC’s holdings in Vertiv were worth $3,999,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the 2nd quarter worth approximately $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter worth $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter worth $30,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VRT shares. Evercore ISI increased their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $139.90.

Vertiv Stock Performance

VRT opened at $125.84 on Thursday. The business’s 50-day moving average price is $119.12 and its two-hundred day moving average price is $97.69. Vertiv Holdings Co has a 1 year low of $44.31 and a 1 year high of $145.67. The company has a market capitalization of $47.23 billion, a price-to-earnings ratio of 83.37, a P/E/G ratio of 1.38 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. Equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

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.