Ibex Wealth Advisors Invests $7.58 Million in Vertiv Holdings Co (NYSE:VRT)

Ibex Wealth Advisors purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 66,750 shares of the company’s stock, valued at approximately $7,583,000.

Several other hedge funds have also added to or reduced their stakes in VRT. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at $26,000. Krane Funds Advisors LLC acquired a new position in shares of Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the third quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in Vertiv in the 3rd quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last ninety days. 5.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Finally, Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Trading Up 3.2 %

Shares of VRT traded up $3.39 during trading hours on Wednesday, hitting $109.94. 3,434,095 shares of the stock were exchanged, compared to its average volume of 9,588,883. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The business has a 50-day moving average of $127.16 and a 200-day moving average of $105.72. The firm has a market capitalization of $41.26 billion, a P/E ratio of 73.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

About Vertiv

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.