Mediolanum International Funds Ltd Has $16.28 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Mediolanum International Funds Ltd decreased its holdings in Vertiv Holdings Co (NYSE:VRT) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,535 shares of the company’s stock after selling 8,416 shares during the period. Mediolanum International Funds Ltd’s holdings in Vertiv were worth $16,284,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter valued at approximately $30,000. Ibex Wealth Advisors purchased a new position in shares of Vertiv during the 4th quarter valued at $7,583,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Vertiv by 3.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 586,562 shares of the company’s stock worth $66,639,000 after acquiring an additional 21,108 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in Vertiv by 12.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 76,145 shares of the company’s stock valued at $8,651,000 after purchasing an additional 8,445 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Vertiv during the fourth quarter valued at $57,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 86,619 shares of the business’s 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 transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VRT shares. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Price Performance

Shares of NYSE:VRT opened at $114.61 on Friday. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 76.41, a PEG ratio of 0.86 and a beta of 1.63. The business has a 50 day moving average price of $126.63 and a 200 day moving average price of $105.75. 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 twelve month low of $55.00 and a twelve month high of $155.84.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 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.