Vertiv Holdings Co (NYSE:VRT) Stock Position Increased by Savant Capital LLC

Savant Capital LLC lifted its position in Vertiv Holdings Co (NYSE:VRT) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,261 shares of the company’s stock after buying an additional 1,012 shares during the quarter. Savant Capital LLC’s holdings in Vertiv were worth $4,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter worth $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of 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 buying an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv in the 3rd quarter worth $30,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 3.7 %

NYSE:VRT opened at $125.85 on Tuesday. The firm has a market capitalization of $47.23 billion, a price-to-earnings ratio of 83.90, a PEG ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year 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. The business’s fifty day moving average price is $124.39 and its 200 day moving average price is $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 given a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

Insiders Place Their Bets

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated 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 directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was 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 in the last three months. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays started coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price on the stock. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Four 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, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price 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.