Peterson Wealth Services Acquires New Shares in Vertiv Holdings Co (NYSE:VRT)

Peterson Wealth Services bought a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,788 shares of the company’s stock, valued at approximately $771,000.

Other hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of Vertiv during the fourth quarter worth about $3,052,000. Focus Financial Network Inc. grew its position in Vertiv by 4.4% in the 4th quarter. Focus Financial Network Inc. now owns 3,292 shares of the company’s stock worth $374,000 after purchasing an additional 138 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of Vertiv by 40.8% in the fourth quarter. Summit Trail Advisors LLC now owns 3,277 shares of the company’s stock valued at $372,000 after purchasing an additional 949 shares during the period. Regents Gate Capital LLP bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $2,230,000. Finally, Savant Capital LLC boosted its position in shares of Vertiv by 2.5% during the fourth quarter. Savant Capital LLC now owns 42,261 shares of the company’s stock worth $4,801,000 after buying an additional 1,012 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on VRT. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Finally, Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Trading Up 3.7 %

Shares of NYSE VRT opened at $125.85 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month high of $155.84. The company has a market cap of $47.23 billion, a price-to-earnings ratio of 83.90, a P/E/G ratio of 0.94 and a beta of 1.64. The business has a fifty day simple moving average of $124.39 and a 200-day simple moving average of $107.42.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, 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 directly owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. 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 ninety days. Corporate insiders own 5.01% of the company’s stock.

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.