19,626 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Regents Gate Capital LLP

Regents Gate Capital LLP acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,626 shares of the company’s stock, valued at approximately $2,230,000.

A number of other hedge funds have also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter worth about $26,000. Krane Funds Advisors LLC acquired a new position in shares of Vertiv during the 3rd quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Vertiv in the 3rd quarter valued at approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 1.6 %

Shares of NYSE VRT opened at $121.42 on Monday. Vertiv Holdings Co has a 1 year low of $55.00 and a 1 year high of $155.84. 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 firm has a market cap of $45.57 billion, a PE ratio of 80.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The company has a 50 day simple moving average of $124.39 and a 200 day simple moving average of $107.21.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, 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 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 90 days. 5.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VRT has been the topic of several research reports. Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays began coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus 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.