Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Legacy Bridge LLC

Legacy Bridge LLC raised its position in Vertiv Holdings Co (NYSE:VRT) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 22,658 shares of the company’s stock after buying an additional 200 shares during the quarter. Vertiv accounts for 1.3% of Legacy Bridge LLC’s holdings, making the stock its 15th biggest position. Legacy Bridge LLC’s holdings in Vertiv were worth $2,574,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC grew its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after buying an additional 13,559 shares during the last quarter. Webster Bank N. A. acquired a new stake in shares of Vertiv in the 4th quarter valued at about $51,000. Atticus Wealth Management LLC grew its stake in Vertiv by 43.8% during the 4th quarter. Atticus Wealth Management LLC now owns 1,442 shares of the company’s stock worth $164,000 after buying an additional 439 shares during the last quarter. KBC Group NV lifted its stake in Vertiv by 88.6% in the fourth quarter. KBC Group NV now owns 145,122 shares of the company’s stock valued at $16,487,000 after buying an additional 68,190 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $2,970,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.75.

Vertiv Stock Down 29.8 %

VRT stock opened at $102.72 on Tuesday. Vertiv Holdings Co has a 52 week low of $53.30 and a 52 week high of $155.84. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market cap of $38.55 billion, a P/E ratio of 68.48, a P/E/G ratio of 1.16 and a beta of 1.63. The company’s 50-day moving average price is $128.27 and its 200 day moving average price is $105.53.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.15%. Vertiv’s payout ratio is currently 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

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.