Vertiv Holdings Co (NYSE:VRT) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 18.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,502 shares of the company’s stock after buying an additional 1,021 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Vertiv were worth $660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter worth about $26,000. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Vertiv in the third quarter valued at approximately $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 5.4 %

VRT opened at $114.12 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 12 month low of $44.31 and a 12 month high of $145.67. The stock has a market capitalization of $42.83 billion, a P/E ratio of 76.08, a P/E/G ratio of 1.29 and a beta of 1.61. The business has a 50 day simple moving average of $121.23 and a 200-day simple moving average of $98.56.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VRT shares. The Goldman Sachs Group raised their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays assumed coverage on Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $140.09.

Insider Activity

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % 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 worth $23,105,682. Company insiders own 5.01% of the company’s stock.

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.