Heritage Oak Wealth Advisors LLC Purchases Shares of 5,759 Vertiv Holdings Co (NYSE:VRT)

Heritage Oak Wealth Advisors LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,759 shares of the company’s stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in Vertiv in the 2nd quarter valued at $26,000. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter valued at about $27,000. Mather Group LLC. lifted its position in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth about $29,000. Finally, Global Trust Asset Management LLC bought a new stake in Vertiv in the 3rd quarter worth about $30,000. 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 firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Up 1.6 %

VRT stock opened at $110.05 on Friday. The stock has a 50-day simple moving average of $92.37 and a two-hundred day simple moving average of $89.83. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $116.41. The firm has a market capitalization of $41.20 billion, a PE ratio of 105.82, a PEG ratio of 1.42 and a beta of 1.59. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is 9.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Oppenheimer boosted their target price on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. Citigroup increased their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, TD Cowen raised their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $122.11.

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.