Cetera Investment Advisers Acquires 52,749 Shares of Vertiv Holdings Co (NYSE:VRT)

Cetera Investment Advisers lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 92.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,060 shares of the company’s stock after acquiring an additional 52,749 shares during the quarter. Cetera Investment Advisers’ holdings in Vertiv were worth $9,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Asset Management Inc bought a new stake in Vertiv in the fourth quarter worth about $2,559,000. KBC Group NV bought a new position in Vertiv during the fourth quarter valued at $1,060,000. CIBC Private Wealth Group LLC increased its position in Vertiv by 186.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71,207 shares of the company’s stock worth $3,420,000 after buying an additional 46,384 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Vertiv by 3.4% in the fourth quarter. First Trust Advisors LP now owns 918,370 shares of the company’s stock valued at $44,109,000 after buying an additional 30,332 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Vertiv by 239.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,842 shares of the company’s stock valued at $1,770,000 after buying an additional 26,001 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Performance

NYSE VRT opened at $105.20 on Friday. The company’s 50 day simple moving average is $82.73 and its two-hundred day simple moving average is $87.26. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The stock has a market capitalization of $39.38 billion, a PE ratio of 101.15, a P/E/G ratio of 1.26 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRT shares. TD Cowen lifted their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Buy” and an average price target of $102.13.

Vertiv Company 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.