Atria Wealth Solutions Inc. Makes New $867,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Atria Wealth Solutions Inc. acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,057 shares of the company’s stock, valued at approximately $867,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in Vertiv during the 3rd quarter worth about $2,241,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Vertiv by 5.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after acquiring an additional 2,548 shares during the period. Xponance Inc. boosted its position in Vertiv by 4.1% in the 3rd quarter. Xponance Inc. now owns 14,558 shares of the company’s stock worth $542,000 after purchasing an additional 577 shares in the last quarter. Raymond James & Associates grew its stake in shares of Vertiv by 255.0% during the 3rd quarter. Raymond James & Associates now owns 67,375 shares of the company’s stock worth $2,506,000 after purchasing an additional 48,396 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Vertiv by 71.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,165 shares of the company’s stock valued at $899,000 after purchasing an additional 10,031 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In related news, Director Doherty Philip O’ sold 2,511,295 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares in the company, valued at $873,116,308.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Doherty Philip O’ sold 2,511,295 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the sale, the director now owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Insiders have sold a total of 3,362,790 shares of company stock worth $306,451,347 in the last quarter. Company insiders own 5.62% of the company’s stock.

Vertiv Stock Up 0.9 %

Shares of VRT opened at $92.98 on Friday. The stock has a 50 day moving average price of $78.95 and a 200 day moving average price of $58.90. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. The stock has a market capitalization of $35.52 billion, a price-to-earnings ratio of 89.40, a PEG ratio of 1.34 and a beta of 1.55. Vertiv Holdings Co has a one year low of $14.27 and a one year high of $95.70.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VRT. Oppenheimer increased their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Mizuho raised their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Evercore ISI lifted their price target on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.11.

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.