Deepwater Asset Management LLC Sells 21,107 Shares of Vertiv Holdings Co (NYSE:VRT)

Deepwater Asset Management LLC trimmed its stake in Vertiv Holdings Co (NYSE:VRT) by 14.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,053 shares of the company’s stock after selling 21,107 shares during the period. Vertiv accounts for approximately 4.8% of Deepwater Asset Management LLC’s holdings, making the stock its 13th largest position. Deepwater Asset Management LLC’s holdings in Vertiv were worth $14,775,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Silverleafe Capital Partners LLC purchased a new stake in Vertiv in the fourth quarter worth about $4,219,000. Foundations Investment Advisors LLC increased its holdings in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Whittier Trust Co. raised its stake in Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after acquiring an additional 8,579 shares during the period. Janney Capital Management LLC purchased a new position in Vertiv during the third quarter valued at approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

VRT stock opened at $117.14 on Monday. The company has a fifty day simple moving average of $125.62 and a two-hundred day simple moving average of $106.13. Vertiv Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $43.97 billion, a P/E ratio of 78.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.13%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insiders Place Their Bets

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % 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 over the last ninety days. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $139.36.

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.