Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,050 shares of the company’s stock after buying an additional 600 shares during the period. Spirit of America Management Corp NY’s holdings in Vertiv were worth $801,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Vertiv by 55.4% during the second 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 during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Vertiv during the second quarter valued at $1,632,000. GAMMA Investing LLC grew its holdings in shares of Vertiv by 102.1% during the third quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after buying an additional 962 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of Vertiv during the third quarter valued at $456,000. Finally, Diversified Trust Co grew its holdings in shares of Vertiv by 530.7% during the third quarter. Diversified Trust Co now owns 32,565 shares of the company’s stock valued at $3,240,000 after buying an additional 27,402 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Down 1.2 %

VRT stock opened at $111.21 on Wednesday. The company’s 50-day simple moving average is $125.24 and its 200-day simple moving average is $106.51. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84. The firm has a market cap of $41.74 billion, a P/E ratio of 74.14, a PEG ratio of 0.92 and a beta of 1.64.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VRT shares. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Barclays began coverage on shares of Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Finally, Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last ninety days. 5.01% of the stock is currently owned by corporate insiders.

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.