MML Investors Services LLC Has $3.06 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

MML Investors Services LLC grew its position in Vertiv Holdings Co (NYSE:VRT) by 14.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,716 shares of the company’s stock after purchasing an additional 3,956 shares during the period. MML Investors Services LLC’s holdings in Vertiv were worth $3,056,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC boosted its stake in shares of Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after purchasing an additional 112 shares in the last quarter. Nvwm LLC boosted its stake in shares of Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after purchasing an additional 124 shares in the last quarter. Finally, Callan Family Office LLC raised its holdings in shares of Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In related news, 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 directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $125.78 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $47.21 billion, a P/E ratio of 83.85, a P/E/G ratio of 1.29 and a beta of 1.61. The business has a 50-day moving average price of $120.45 and a two-hundred day moving average price of $98.16. Vertiv Holdings Co has a 1-year low of $44.31 and a 1-year high of $145.67.

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

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VRT shares. Evercore ISI lifted their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup lifted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, UBS Group started coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.09.

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.