Wealth Effects LLC Boosts Holdings in Vertiv Holdings Co (NYSE:VRT)

Wealth Effects LLC boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,050 shares of the company’s stock after acquiring an additional 400 shares during the period. Wealth Effects LLC’s holdings in Vertiv were worth $801,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at about $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on VRT shares. Bank of America increased their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Barclays initiated coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.46.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction 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 sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Down 29.8 %

Shares of NYSE VRT opened at $102.72 on Tuesday. The stock has a market capitalization of $38.55 billion, a price-to-earnings ratio of 68.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 52 week low of $53.30 and a 52 week high of $155.84. The firm has a 50-day moving average price of $127.86 and a 200 day moving average price of $105.60. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.15%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 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.