Fourpath Capital Management LLC Increases Stake in Vertiv Holdings Co (NYSE:VRT)

Fourpath Capital Management LLC boosted its position in Vertiv Holdings Co (NYSE:VRT) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,770 shares of the company’s stock after acquiring an additional 159 shares during the period. Fourpath Capital Management LLC’s holdings in Vertiv were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. The Manufacturers Life Insurance Company lifted its stake in shares of Vertiv by 55.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after buying an additional 10,884 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Vertiv in the second quarter worth $1,632,000. GAMMA Investing LLC grew its position in shares of Vertiv by 102.1% in the third quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after purchasing an additional 962 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Vertiv during the 3rd quarter valued at $456,000. Finally, Diversified Trust Co boosted its stake in Vertiv by 530.7% in the 3rd quarter. Diversified Trust Co now owns 32,565 shares of the company’s stock worth $3,240,000 after purchasing an additional 27,402 shares during the period. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Bank of America increased their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated 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 $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, 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. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. Company insiders own 5.01% of the company’s stock.

Vertiv Trading Down 1.2 %

VRT stock opened at $111.21 on Wednesday. The company has a market capitalization of $41.74 billion, a PE ratio of 74.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. 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 one year low of $55.00 and a one year high of $155.84. The company’s 50 day moving average price is $125.24 and its two-hundred day moving average price is $106.51.

Vertiv Increases Dividend

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

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.