Impax Asset Management Group plc Acquires 445,785 Shares of Vertiv Holdings Co. $VRT

Impax Asset Management Group plc grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 94.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 918,200 shares of the company’s stock after buying an additional 445,785 shares during the period. Impax Asset Management Group plc owned 0.24% of Vertiv worth $138,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in Vertiv by 25.9% in the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after acquiring an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Vertiv during the 2nd quarter valued at $567,000. DAVENPORT & Co LLC purchased a new stake in shares of Vertiv during the 2nd quarter valued at about $270,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Vertiv by 13.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 37,939 shares of the company’s stock valued at $4,872,000 after acquiring an additional 4,541 shares during the period. Finally, CWM LLC raised its holdings in Vertiv by 53.5% in the 2nd quarter. CWM LLC now owns 46,371 shares of the company’s stock worth $5,955,000 after purchasing an additional 16,161 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VRT. Weiss Ratings cut Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 29th. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. UBS Group lifted their target price on shares of Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Citigroup increased their price target on Vertiv from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft set a $216.00 price objective on Vertiv and gave the stock a “buy” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.89.

Vertiv Stock Performance

Shares of Vertiv stock opened at $199.50 on Wednesday. The company has a market capitalization of $76.28 billion, a PE ratio of 75.28, a P/E/G ratio of 1.24 and a beta of 2.08. The company has a 50-day simple moving average of $175.47 and a two-hundred day simple moving average of $162.37. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $208.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is currently 9.43%.

Insiders Place Their Bets

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

Vertiv Company Profile

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.