E Fund Management Hong Kong Co. Ltd. Acquires Shares of 586 Vertiv Holdings Co (NYSE:VRT)

E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 586 shares of the company’s stock, valued at approximately $67,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in Vertiv by 41.0% in the second quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock valued at $14,365,000 after buying an additional 45,525 shares during the last quarter. APG Asset Management N.V. lifted its stake in Vertiv by 72.0% in the second quarter. APG Asset Management N.V. now owns 79,114 shares of the company’s stock valued at $6,390,000 after buying an additional 33,114 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Vertiv by 55.4% in the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after buying an additional 10,884 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Vertiv by 688.5% in the second quarter. Mackenzie Financial Corp now owns 255,286 shares of the company’s stock valued at $22,100,000 after buying an additional 222,909 shares during the last quarter. Finally, Creative Planning lifted its stake in Vertiv by 5.8% in the second quarter. Creative Planning now owns 36,277 shares of the company’s stock valued at $3,140,000 after buying an additional 2,004 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 owns 19,551 shares of the company’s stock, valued at $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 sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. 5.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on VRT shares. Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Stock Down 4.9 %

Shares of Vertiv stock opened at $146.03 on Monday. The firm has a market cap of $54.81 billion, a price-to-earnings ratio of 97.35, a P/E/G ratio of 1.16 and a beta of 1.63. 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 50-day simple moving average of $128.27 and a 200-day simple moving average of $105.45. Vertiv Holdings Co has a 52-week low of $52.40 and a 52-week high of $155.84.

Vertiv Increases Dividend

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

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.