Crewe Advisors LLC Invests $60,000 in Vertiv Holdings Co (NYSE:VRT)

Crewe Advisors LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 527 shares of the company’s stock, valued at approximately $60,000.

A number of other large investors have also recently made changes to their positions in VRT. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the third quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC grew its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in Vertiv during the third quarter valued at approximately $30,000. Finally, OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter valued at approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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 approximately $2,562,549.57. This represents a 81.59 % decrease in their position. 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 over the last 90 days. 5.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VRT. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Price Performance

Vertiv stock opened at $119.49 on Friday. The company has a market cap of $44.85 billion, a price-to-earnings ratio of 79.66, a PEG ratio of 0.92 and a beta of 1.64. The firm’s fifty day moving average is $124.67 and its 200 day moving average is $106.78. 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.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. 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 yield of 0.13%. Vertiv’s dividend payout ratio is presently 6.67%.

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.