OLD Second National Bank of Aurora Invests $30,000 in Vertiv Holdings Co (NYSE:VRT)

OLD Second National Bank of Aurora purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 260 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds have also made changes to their positions in the stock. Ibex Wealth Advisors acquired a new position in shares of Vertiv during the 4th quarter valued at about $7,583,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Vertiv by 3.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 586,562 shares of the company’s stock valued at $66,639,000 after acquiring an additional 21,108 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of Vertiv by 12.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 76,145 shares of the company’s stock valued at $8,651,000 after acquiring an additional 8,445 shares during the last quarter. R Squared Ltd acquired a new position in shares of Vertiv during the 4th quarter valued at about $57,000. Finally, Wealth Effects LLC increased its holdings in shares of Vertiv by 6.0% during the 4th quarter. Wealth Effects LLC now owns 7,050 shares of the company’s stock valued at $801,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective on the stock. Barclays began coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price on the stock. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Bank of America raised their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $139.36.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction 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 sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv 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 completion of the sale, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

Vertiv Trading Up 3.8 %

Shares of VRT opened at $114.61 on Friday. The stock has a fifty day moving average price of $126.63 and a two-hundred day moving average price of $105.75. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 76.41, a PEG ratio of 1.16 and a beta of 1.63.

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 an increase 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 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.