Dakota Wealth Management Decreases Position in Vertiv Holdings Co (NYSE:VRT)

Dakota Wealth Management trimmed its stake in Vertiv Holdings Co (NYSE:VRTFree Report) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,031 shares of the company’s stock after selling 9,161 shares during the period. Dakota Wealth Management’s holdings in Vertiv were worth $3,639,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of VRT. Mercer Global Advisors Inc. ADV boosted its stake in shares of Vertiv by 166.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock worth $1,015,000 after purchasing an additional 7,327 shares during the period. Amalgamated Bank boosted its position in shares of Vertiv by 18.2% during the second quarter. Amalgamated Bank now owns 24,195 shares of the company’s stock valued at $2,095,000 after buying an additional 3,734 shares during the period. Blair William & Co. IL grew its stake in shares of Vertiv by 97.3% during the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after buying an additional 3,382 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Vertiv in the second quarter worth approximately $282,000. Finally, Bank of Montreal Can lifted its stake in shares of Vertiv by 41.0% during the 2nd quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock worth $14,365,000 after acquiring an additional 45,525 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of Vertiv 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 completion of the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Performance

Shares of Vertiv stock opened at $148.54 on Thursday. The company has a 50 day moving average price of $126.63 and a 200 day moving average price of $104.34. The firm has a market capitalization of $55.75 billion, a P/E ratio of 99.03, a PEG ratio of 1.06 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 52 week low of $52.40 and a 52 week high of $154.79.

Vertiv (NYSE:VRTGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv’s dividend payout ratio is currently 6.67%.

Analyst Ratings Changes

Several research firms recently commented on VRT. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Mizuho boosted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, TD Cowen raised their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

Check Out Our Latest Stock Analysis on VRT

About Vertiv

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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