Vertiv Holdings Co (NYSE:VRT) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 69.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,224 shares of the company’s stock after selling 2,818 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Vertiv were worth $139,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VRT. Jennison Associates LLC raised its stake in Vertiv by 10,825.0% during the 3rd 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 in the last quarter. Wellington Management Group LLP grew 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 purchasing an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP increased its position in shares of Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after purchasing an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at about $110,517,000. Finally, Blue Whale Capital LLP acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $93,481,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays assumed coverage on shares of Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research 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 report on Friday, January 17th. Finally, Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Vertiv Stock Performance

Shares of VRT stock opened at $121.42 on Monday. 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 stock has a 50 day simple moving average of $124.39 and a 200-day simple moving average of $107.21. The company has a market cap of $45.57 billion, a price-to-earnings ratio of 80.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

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.