Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,145 shares of the company’s stock after buying an additional 8,445 shares during the period. Sumitomo Life Insurance Co.’s holdings in Vertiv were worth $8,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the third quarter valued at $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 3.4 %

Shares of VRT opened at $106.14 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a market cap of $39.84 billion, a P/E ratio of 70.76, a PEG ratio of 1.16 and a beta of 1.63. The stock’s 50 day moving average is $127.16 and its two-hundred day moving average is $105.72. Vertiv Holdings Co has a 12 month low of $53.30 and a 12 month high of $155.84.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv’s dividend payout ratio is currently 6.67%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VRT. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Four research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Insider Buying and Selling at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated 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 completion of the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last ninety days. Corporate insiders own 5.01% of the company’s stock.

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.