Sequoia Financial Advisors LLC Boosts Stake in Vertiv Holdings Co (NYSE:VRT)

Sequoia Financial Advisors LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 42.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,163 shares of the company’s stock after buying an additional 1,830 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vertiv were worth $613,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VRT. Vanguard Group Inc. grew its stake in Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the second quarter valued at approximately $331,091,000. Westfield Capital Management Co. LP increased its holdings in Vertiv by 85.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after buying an additional 1,563,466 shares during the period. Finally, Janus Henderson Group PLC raised its position in Vertiv by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock worth $245,189,000 after buying an additional 451,830 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Up 1.9 %

Shares of VRT opened at $112.17 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The firm has a market cap of $42.08 billion, a P/E ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. The stock’s 50 day moving average is $93.57 and its two-hundred day moving average is $90.23. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $116.41.

Vertiv (NYSE:VRT) last released its quarterly 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. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 7.81%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday. TD Cowen upped their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Mizuho upped their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $122.11.

Insider Buying and Selling

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by insiders.

Vertiv 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.