Register Financial Advisors LLC Acquires Shares of 1,910 Vertiv Holdings Co (NYSE:VRT)

Register Financial Advisors LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,910 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew its holdings in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC grew its stake in shares of Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares during the last quarter. Jennison Associates LLC increased its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its stake in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 4.9 %

VRT stock opened at $146.03 on Monday. The company has a market cap of $54.81 billion, a price-to-earnings ratio of 97.35, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The business’s 50-day moving average is $128.27 and its two-hundred day moving average is $105.45. Vertiv Holdings Co has a fifty-two week low of $52.40 and a fifty-two week high of $155.84.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Activity at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the firm’s 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. Barclays started coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target for the company. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.75.

Vertiv 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.