Atticus Wealth Management LLC Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Atticus Wealth Management LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,442 shares of the company’s stock after acquiring an additional 439 shares during the period. Atticus Wealth Management LLC’s holdings in Vertiv were worth $164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VRT. Jennison Associates LLC raised its position in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP increased its stake in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP raised its holdings in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at about $110,517,000. Finally, Blue Whale Capital LLP bought a new position in shares of Vertiv in the third quarter worth approximately $93,481,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on VRT shares. Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Price Performance

VRT stock opened at $146.03 on Monday. The firm has a 50-day moving average of $128.27 and a 200 day moving average of $105.45. 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 company has a market cap of $54.81 billion, a P/E ratio of 97.35, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 1 year low of $52.40 and a 1 year high of $155.84.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. Vertiv’s dividend payout ratio is 6.67%.

Insider Transactions at Vertiv

In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated 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 sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 19,551 shares of the company’s stock, valued at $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 171,527 shares of company stock valued at $23,105,682 in the last three months. 5.01% of the stock is currently owned by company insiders.

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.