S.A. Mason LLC Takes $62,000 Position in Vertiv Holdings Co (NYSE:VRT)

S.A. Mason LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 550 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings 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 purchasing an additional 308,704 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after acquiring an additional 408,054 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in 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 during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VRT has been the topic of several research reports. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. TD Cowen increased their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $139.36.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the firm’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 completion of the sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at approximately $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 quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

Vertiv Price Performance

NYSE VRT opened at $117.14 on Monday. The stock has a 50-day simple moving average of $125.62 and a 200 day simple moving average of $106.30. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The stock has a market capitalization of $43.97 billion, a PE ratio of 78.10, a P/E/G ratio of 0.92 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

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