OneDigital Investment Advisors LLC Buys 1,099 Shares of Vertiv Holdings Co (NYSE:VRT)

OneDigital Investment Advisors LLC lifted its position in Vertiv Holdings Co (NYSE:VRT) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,543 shares of the company’s stock after buying an additional 1,099 shares during the period. OneDigital Investment Advisors LLC’s holdings in Vertiv were worth $6,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its holdings in Vertiv by 319.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,175 shares of the company’s stock valued at $1,211,000 after acquiring an additional 9,275 shares during the period. Aubrey Capital Management Ltd increased its holdings in shares of Vertiv by 20.5% in the third quarter. Aubrey Capital Management Ltd now owns 59,023 shares of the company’s stock worth $5,516,000 after purchasing an additional 10,023 shares during the last quarter. KBC Group NV increased its stake in Vertiv by 46.8% during the third quarter. KBC Group NV now owns 76,932 shares of the company’s stock worth $7,654,000 after acquiring an additional 24,526 shares during the last quarter. Freemont Management S.A. increased its stake in Vertiv by 100.0% during the third quarter. Freemont Management S.A. now owns 42,400 shares of the company’s stock worth $4,218,000 after acquiring an additional 21,200 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in Vertiv by 91.5% during the third quarter. Kovack Advisors Inc. now owns 61,392 shares of the company’s stock worth $6,108,000 after acquiring an additional 29,338 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer boosted their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $125.40.

Vertiv Stock Performance

Shares of VRT opened at $120.86 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $45.36 billion, a price-to-earnings ratio of 80.57, a PEG ratio of 1.35 and a beta of 1.58. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $130.30. The company’s 50 day simple moving average is $105.37 and its 200 day simple moving average is $93.67.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (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 analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

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

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.01% of the company’s stock.

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.