16,000 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by WT Asset Management Ltd

WT Asset Management Ltd acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,000 shares of the company’s stock, valued at approximately $1,818,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spirit of America Management Corp NY lifted its stake in shares of Vertiv by 9.3% in the 4th quarter. Spirit of America Management Corp NY now owns 7,050 shares of the company’s stock valued at $801,000 after purchasing an additional 600 shares during the period. Stratos Wealth Partners LTD. lifted its position in Vertiv by 27.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company’s stock valued at $383,000 after buying an additional 734 shares during the period. Sargent Investment Group LLC bought a new stake in shares of Vertiv during the 4th quarter valued at $1,309,000. Guidance Capital Inc. purchased a new stake in shares of Vertiv in the 4th quarter worth about $354,000. Finally, E. Ohman J or Asset Management AB increased its stake in shares of Vertiv by 17.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 16,250 shares of the company’s stock worth $1,846,000 after acquiring an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Vertiv Stock Down 1.2 %

VRT stock opened at $111.21 on Wednesday. The business’s 50-day moving average is $125.24 and its two-hundred day moving average is $106.51. The company has a market cap of $41.74 billion, a price-to-earnings ratio of 74.14, a P/E/G ratio of 0.92 and a beta of 1.64. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.36.

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.