Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 43.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,783 shares of the company’s stock after buying an additional 1,447 shares during the period. Blue Trust Inc.’s holdings in Vertiv were worth $543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP grew its stake in shares of Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth $110,517,000. Finally, Blue Whale Capital LLP purchased a new position in shares of Vertiv in the 3rd quarter worth $93,481,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VRT shares. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday. Barclays started coverage on shares of Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective for the company. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Insider Transactions at Vertiv

In related news, 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 value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Trading Up 3.8 %

Shares of VRT opened at $114.61 on Friday. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The stock has a 50-day moving average price of $126.63 and a 200 day moving average price of $105.75. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $43.02 billion, a P/E ratio of 76.41, a P/E/G ratio of 1.16 and a beta of 1.63.

Vertiv Increases Dividend

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