Wealth Effects LLC Increases Position in Vertiv Holdings Co (NYSE:VRT)

Wealth Effects LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,050 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Wealth Effects LLC’s holdings in Vertiv were worth $801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VRT. Perigon Wealth Management LLC boosted its stake in Vertiv by 7.5% during the fourth quarter. Perigon Wealth Management LLC now owns 23,166 shares of the company’s stock worth $2,632,000 after buying an additional 1,619 shares during the last quarter. Fortitude Advisory Group L.L.C. acquired a new position in shares of Vertiv during the 4th quarter valued at about $404,000. Verde Servicos Internacionais S.A. boosted its position in shares of Vertiv by 34.8% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 75,446 shares of the company’s stock valued at $8,571,000 after acquiring an additional 19,483 shares during the last quarter. Legacy Bridge LLC grew its holdings in shares of Vertiv by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 22,658 shares of the company’s stock valued at $2,574,000 after purchasing an additional 200 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 29.8 %

Vertiv stock opened at $102.72 on Tuesday. The firm has a market capitalization of $38.55 billion, a P/E ratio of 68.48, a P/E/G ratio of 1.16 and a beta of 1.63. The stock’s fifty day simple moving average is $127.86 and its 200-day simple moving average is $105.60. Vertiv Holdings Co has a twelve month low of $53.30 and a twelve month high of $155.84. 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 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 paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on VRT. Mizuho increased their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. The Goldman Sachs Group upped their target price 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. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.46.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

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.