Compound Global Advisors LLC Makes New $284,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Compound Global Advisors LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,500 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in Vertiv by 27.6% in the 3rd quarter. CWM LLC now owns 18,891 shares of the company’s stock valued at $1,879,000 after acquiring an additional 4,081 shares during the last quarter. Carnegie Investment Counsel lifted its holdings in shares of Vertiv by 81.9% in the third quarter. Carnegie Investment Counsel now owns 6,348 shares of the company’s stock valued at $632,000 after purchasing an additional 2,859 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Vertiv in the third quarter valued at approximately $264,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Vertiv during the 3rd quarter worth approximately $16,547,000. Finally, Polianta Ltd increased its stake in shares of Vertiv by 7.2% during the 3rd quarter. Polianta Ltd now owns 11,900 shares of the company’s stock worth $1,183,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of 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. Insiders sold 171,527 shares of company stock worth $23,105,682 over the last three months. 5.01% of the stock is owned by insiders.

Vertiv Stock Up 3.7 %

Shares of VRT opened at $125.85 on Tuesday. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The company’s fifty day moving average is $124.39 and its two-hundred day moving average is $107.42. The firm has a market cap of $47.23 billion, a PE ratio of 83.90, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv Increases Dividend

The company also recently declared 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. The Goldman Sachs Group upped 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. Finally, Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned 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.

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.