OLD Second National Bank of Aurora Buys Shares of 260 Vertiv Holdings Co (NYSE:VRT)

OLD Second National Bank of Aurora bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, HoldingsChannel reports. The fund bought 260 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. The Manufacturers Life Insurance Company grew 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 acquiring an additional 10,884 shares during the period. Creative Planning grew 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 acquiring an additional 2,004 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Vertiv by 238.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,810 shares of the company’s stock valued at $1,542,000 after acquiring an additional 12,546 shares during the period. Quarry LP acquired a new position in Vertiv in the second quarter valued at about $57,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Vertiv in the second quarter valued at about $475,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business’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 transaction, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % 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 currently owned by insiders.

Vertiv Price Performance

Shares of NYSE VRT opened at $114.61 on Friday. The business’s 50 day moving average price is $126.63 and its two-hundred day moving average price is $105.75. The company has a market cap of $43.02 billion, a PE ratio of 76.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84.

Vertiv Increases Dividend

The firm also recently declared 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Bank of America boosted their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.