Barton Investment Management lessened its position in Vertiv Holdings Co (NYSE:VRT – Free Report) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,300 shares of the company’s stock after selling 100 shares during the period. Barton Investment Management’s holdings in Vertiv were worth $261,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Silverleafe Capital Partners LLC bought a new position in Vertiv in the 4th quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its stake in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after buying an additional 8,579 shares during the last quarter. Janney Capital Management LLC bought a new stake in Vertiv in the 3rd quarter worth about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd raised its position in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Finally, TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.36.
Insider Activity at Vertiv
In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.
Vertiv Trading Up 7.0 %
Vertiv stock opened at $119.00 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. The firm has a market capitalization of $44.67 billion, a price-to-earnings ratio of 79.33, a P/E/G ratio of 0.92 and a beta of 1.64. The firm has a 50 day moving average of $124.83 and a 200 day moving average of $106.69.
Vertiv Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 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.
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