Valley Wealth Managers Inc. bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,392 shares of the company’s stock, valued at approximately $388,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CreativeOne Wealth LLC increased its holdings in Vertiv by 187.8% in the third quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company’s stock valued at $1,606,000 after purchasing an additional 6,947 shares during the last quarter. Plato Investment Management Ltd increased its holdings in Vertiv by 272.7% in the third quarter. Plato Investment Management Ltd now owns 8,825 shares of the company’s stock valued at $1,321,000 after purchasing an additional 6,457 shares during the last quarter. KBC Group NV increased its holdings in Vertiv by 191.1% in the fourth quarter. KBC Group NV now owns 206,102 shares of the company’s stock valued at $33,391,000 after purchasing an additional 135,313 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in Vertiv by 131.3% in the third quarter. iA Global Asset Management Inc. now owns 21,154 shares of the company’s stock valued at $3,191,000 after purchasing an additional 12,007 shares during the last quarter. Finally, Impax Asset Management Group plc increased its holdings in Vertiv by 94.4% in the third quarter. Impax Asset Management Group plc now owns 918,200 shares of the company’s stock valued at $138,520,000 after purchasing an additional 445,785 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Down 0.1%
NYSE:VRT opened at $367.37 on Wednesday. Vertiv Holdings Co. has a 1 year low of $100.90 and a 1 year high of $371.99. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. The stock has a market cap of $141.11 billion, a price-to-earnings ratio of 92.31, a PEG ratio of 1.58 and a beta of 2.09. The stock has a 50-day moving average price of $286.38 and a two-hundred day moving average price of $221.67.
Vertiv Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 17th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Vertiv’s payout ratio is presently 6.28%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on VRT. The Goldman Sachs Group upped their price objective on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Oppenheimer reiterated an “outperform” rating and issued a $330.00 price objective on shares of Vertiv in a report on Thursday, April 23rd. Barclays upped their price objective on Vertiv from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Royal Bank Of Canada upped their price objective on Vertiv from $344.00 to $356.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, TD Cowen upped their price objective on Vertiv from $269.00 to $347.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.86.
Get Our Latest Report on Vertiv
Insider Activity at Vertiv
In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $254.87, for a total transaction of $9,849,960.89. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at approximately $6,371,750. This trade represents a 60.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward L. Monser sold 77,294 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $245.49, for a total value of $18,974,904.06. Following the transaction, the director owned 16,500 shares of the company’s stock, valued at approximately $4,050,585. The trade was a 82.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 489,761 shares of company stock valued at $123,356,815 over the last ninety days. Company insiders own 1.10% 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.
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