Blue Trust Inc. Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Blue Trust Inc. grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 43.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,783 shares of the company’s stock after buying an additional 1,447 shares during the period. Blue Trust Inc.’s holdings in Vertiv were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Anchor Investment Management LLC acquired a new position in Vertiv in the second quarter valued at $26,000. Krane Funds Advisors LLC purchased a new position in Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in 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 buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Vertiv in the third quarter valued at approximately $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday. Oppenheimer upped their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $139.36.

Insider Activity

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction 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 trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last 90 days. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $114.61 on Friday. The firm has a market capitalization of $43.02 billion, a price-to-earnings ratio of 76.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. 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 business’s 50 day simple moving average is $126.63 and its 200-day simple moving average is $105.75. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month high of $155.84.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a positive change 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 annualized dividend and a yield of 0.13%. Vertiv’s dividend payout ratio is 6.67%.

Vertiv 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.