Atria Investments Inc Buys 5,225 Shares of Vertiv Holdings Co (NYSE:VRT)

Atria Investments Inc raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 45.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,690 shares of the company’s stock after acquiring an additional 5,225 shares during the quarter. Atria Investments Inc’s holdings in Vertiv were worth $1,660,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Clearbridge Investments LLC lifted its stake in Vertiv by 15.4% during the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares during the period. Whittier Trust Co. raised its holdings in shares of Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after buying an additional 8,579 shares in the last quarter. Janney Capital Management LLC bought a new position in shares of Vertiv during the 3rd quarter worth approximately $8,403,000. Assenagon Asset Management S.A. boosted its stake in Vertiv by 190.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock valued at $5,564,000 after buying an additional 36,684 shares in the last quarter. Finally, Generate Investment Management Ltd grew its position in Vertiv by 180.8% in the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after acquiring an additional 385,251 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.01% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $120.86 on Friday. 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 company has a market capitalization of $45.36 billion, a PE ratio of 80.57, a PEG ratio of 1.35 and a beta of 1.58. The stock’s 50 day moving average price is $104.39 and its 200-day moving average price is $93.49. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $130.30.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $0.52 EPS. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Evercore ISI increased their price target on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group began coverage on Vertiv in a research report on Wednesday. They issued a “buy” rating and a $155.00 price objective for the company. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, TD Cowen upped their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $125.40.

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.