Vertiv Holdings Co. $VRT is Jackson Square Partners LLC’s 7th Largest Position

Jackson Square Partners LLC lessened its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 25.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,364 shares of the company’s stock after selling 21,555 shares during the quarter. Vertiv comprises 3.9% of Jackson Square Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Jackson Square Partners LLC’s holdings in Vertiv were worth $9,559,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its holdings in shares of Vertiv by 1,560.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 156 shares during the period. Promus Capital LLC purchased a new position in shares of Vertiv during the second quarter worth about $26,000. Pacer Advisors Inc. increased its position in Vertiv by 67.6% in the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after acquiring an additional 69 shares during the period. Avion Wealth raised its stake in Vertiv by 99.1% during the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Finally, True Wealth Design LLC lifted its position in Vertiv by 54.0% during the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of Vertiv stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the transaction, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. The trade was a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.63% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $195.61 on Friday. The business has a 50 day moving average price of $174.64 and a 200 day moving average price of $161.21. The company has a market capitalization of $74.79 billion, a P/E ratio of 73.82, a PEG ratio of 1.20 and a beta of 2.08. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $202.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a $0.0625 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. Vertiv’s dividend payout ratio (DPR) is 9.43%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VRT. UBS Group boosted their target price on Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Evercore lifted their target price on shares of Vertiv from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, October 20th. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. lowered their price objective on Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Finally, Mizuho boosted their target price on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.