Union Bancaire Privee UBP SA Acquires New Shares in Vertiv Holdings Co (NYSE:VRT)

Union Bancaire Privee UBP SA bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,092 shares of the company’s stock, valued at approximately $2,970,000.

Several other institutional investors have also recently made changes to their positions in VRT. APG Asset Management N.V. lifted its holdings in shares of Vertiv by 72.0% in the second quarter. APG Asset Management N.V. now owns 79,114 shares of the company’s stock worth $6,390,000 after buying an additional 33,114 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vertiv by 55.4% during the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock worth $2,642,000 after purchasing an additional 10,884 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Vertiv by 688.5% in the 2nd quarter. Mackenzie Financial Corp now owns 255,286 shares of the company’s stock worth $22,100,000 after buying an additional 222,909 shares during the last quarter. Creative Planning increased its stake in Vertiv by 5.8% in the second quarter. Creative Planning now owns 36,277 shares of the company’s stock valued at $3,140,000 after acquiring an additional 2,004 shares during the last quarter. Finally, Nemes Rush Group LLC increased its position in shares of Vertiv by 170.8% during the 2nd quarter. Nemes Rush Group LLC now owns 1,663 shares of the company’s stock valued at $144,000 after purchasing an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 29.8 %

Shares of NYSE VRT opened at $102.72 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a 50-day moving average of $128.27 and a 200 day moving average of $105.53. Vertiv Holdings Co has a 1 year low of $53.30 and a 1 year high of $155.84. The stock has a market cap of $38.55 billion, a P/E ratio of 68.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63.

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 paid a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. Vertiv’s payout ratio is presently 6.67%.

Insider Activity

In other Vertiv news, 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 completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $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. Insiders sold 171,527 shares of company stock worth $23,105,682 over the last three months. 5.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VRT has been the topic of several recent research reports. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group started coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

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.