GPS Wealth Strategies Group LLC Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

GPS Wealth Strategies Group LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 86,550.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,466 shares of the company’s stock after purchasing an additional 3,462 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Vertiv were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRT. State Street Corp boosted its position in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after purchasing an additional 408,054 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Vertiv by 10,825.0% during the 3rd 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 last quarter. Wellington Management Group LLP boosted its holdings in shares of Vertiv by 271.0% during 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. Finally, Westfield Capital Management Co. LP grew its position in shares of Vertiv by 1.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after purchasing an additional 40,696 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 2.2 %

VRT opened at $117.14 on Monday. Vertiv Holdings Co has a one year low of $55.00 and a one year 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. The stock has a market cap of $43.97 billion, a price-to-earnings ratio of 78.10, a P/E/G ratio of 0.86 and a beta of 1.63. The stock’s 50 day moving average price is $125.62 and its 200-day moving average price is $106.13.

Vertiv Increases Dividend

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

Analysts Set New Price Targets

VRT has been the subject of a number of research reports. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research 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 stock. According to data from MarketBeat, the stock 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 shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

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.