Dakota Wealth Management Sells 9,161 Shares of Vertiv Holdings Co (NYSE:VRT)

Dakota Wealth Management trimmed its holdings in Vertiv Holdings Co (NYSE:VRT) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,031 shares of the company’s stock after selling 9,161 shares during the quarter. Dakota Wealth Management’s holdings in Vertiv were worth $3,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Accurate Wealth Management LLC increased its stake in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC raised its stake in Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after buying an additional 92 shares during the last quarter. Allworth Financial LP raised its stake in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares during the last quarter. NBC Securities Inc. boosted its holdings in Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares in the last quarter. Finally, Bouvel Investment Partners LLC increased its holdings in shares of Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

VRT has been the topic of a number of analyst reports. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Oppenheimer upped their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Barclays assumed coverage on Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Stock Up 3.8 %

Shares of VRT stock opened at $148.54 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12 month low of $52.40 and a 12 month high of $154.79. The stock has a market cap of $55.75 billion, a P/E ratio of 99.03, a P/E/G ratio of 1.06 and a beta of 1.63. The company has a 50 day simple moving average of $126.63 and a two-hundred day simple moving average of $104.34.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.52 EPS. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, research analysts expect that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. 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 dividend yield of 0.10%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

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.