Jones Financial Companies Lllp Boosts Position in Vertiv Holdings Co. $VRT

Jones Financial Companies Lllp increased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 28.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,217 shares of the company’s stock after acquiring an additional 32,809 shares during the quarter. Jones Financial Companies Lllp’s holdings in Vertiv were worth $20,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRT. Norges Bank purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $538,132,000. Winslow Capital Management LLC acquired a new position in Vertiv in the second quarter valued at approximately $459,284,000. Nordea Investment Management AB grew its position in Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after acquiring an additional 1,624,456 shares during the period. SG Americas Securities LLC grew its position in Vertiv by 102.7% in the second quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock worth $3,446,000 after acquiring an additional 1,026,837 shares during the period. Finally, Invesco Ltd. increased its stake in Vertiv by 20.9% during the second quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after acquiring an additional 1,024,634 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 0.0%

Shares of VRT stock opened at $190.10 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The stock has a market capitalization of $72.68 billion, a P/E ratio of 71.74, a price-to-earnings-growth ratio of 1.17 and a beta of 2.08. The company has a 50 day moving average price of $174.03 and a 200 day moving average price of $160.20. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. Vertiv’s payout ratio is presently 9.43%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VRT shares. Roth Mkm reiterated a “buy” rating and set a $195.00 price target (up from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Mizuho upped their target price on shares of Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wolfe Research lowered shares of Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Vertiv in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president directly owned 4,050 shares in the company, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.01% of the company’s stock.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.