Consolidated Portfolio Review Corp Makes New $2.26 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Consolidated Portfolio Review Corp purchased a new stake in shares of 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 firm purchased 19,867 shares of the company’s stock, valued at approximately $2,257,000.

Several other institutional investors and hedge funds have also modified their holdings of VRT. OLD Second National Bank of Aurora bought a new position in Vertiv during the fourth quarter valued at about $30,000. Krane Funds Advisors LLC bought a new position in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC lifted 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 worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. TD Cowen raised their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Up 0.4 %

Shares of VRT stock opened at $119.49 on Friday. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock has a fifty day moving average price of $124.67 and a 200 day moving average price of $106.78. The stock has a market cap of $44.85 billion, a P/E ratio of 79.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64.

Vertiv Increases Dividend

The firm also recently announced 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 positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Activity at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last quarter. 5.01% of the stock is owned by company insiders.

Vertiv 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.