Kercheville Advisors LLC Purchases Shares of 3,300 Vertiv Holdings Co (NYSE:VRT)

Kercheville Advisors LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,300 shares of the company’s stock, valued at approximately $375,000.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Vertiv in the third quarter worth about $30,000. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In related news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % 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 quarter. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

VRT opened at $119.00 on Thursday. The firm has a market cap of $44.67 billion, a PE ratio of 79.33, a P/E/G ratio of 0.92 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. The business has a fifty day simple moving average of $124.83 and a 200-day simple moving average of $106.69. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is presently 6.67%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VRT. TD Cowen upped their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.