Orion Portfolio Solutions LLC Buys 7,391 Shares of Vertiv Holdings Co (NYSE:VRT)

Orion Portfolio Solutions LLC raised its stake in Vertiv Holdings Co (NYSE:VRT) by 65.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,665 shares of the company’s stock after buying an additional 7,391 shares during the period. Orion Portfolio Solutions LLC’s holdings in Vertiv were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRT. XTX Topco Ltd acquired a new position in Vertiv in the 3rd quarter worth about $777,000. Zacks Investment Management boosted its position in Vertiv by 13.7% during the 3rd quarter. Zacks Investment Management now owns 304,631 shares of the company’s stock worth $30,308,000 after buying an additional 36,811 shares during the period. National Bank of Canada FI raised its stake in shares of Vertiv by 12.3% during the third quarter. National Bank of Canada FI now owns 6,164 shares of the company’s stock valued at $613,000 after acquiring an additional 677 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of Vertiv by 113.5% during the third quarter. iA Global Asset Management Inc. now owns 12,763 shares of the company’s stock valued at $1,270,000 after acquiring an additional 6,784 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Vertiv by 43.4% during the third quarter. EP Wealth Advisors LLC now owns 4,278 shares of the company’s stock worth $426,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Analyst Ratings Changes

VRT has been the subject of several recent research reports. 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. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Mizuho increased their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays assumed coverage on Vertiv in a report on Thursday. They set an “equal weight” rating and a $142.00 price target for the company. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.09.

Vertiv Price Performance

Shares of NYSE:VRT opened at $125.07 on Friday. Vertiv Holdings Co has a twelve month low of $44.31 and a twelve month high of $145.67. The stock’s 50 day moving average is $120.03 and its 200-day moving average is $98.07. 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 firm has a market capitalization of $46.94 billion, a price-to-earnings ratio of 83.38, a PEG ratio of 1.38 and a beta of 1.61.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

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.