Mount Yale Investment Advisors LLC Lowers Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Mount Yale Investment Advisors LLC cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,084 shares of the company’s stock after selling 1,133 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Vertiv were worth $1,259,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in Vertiv during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the second quarter worth $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv during the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Vertiv in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $102.72 on Tuesday. The company has a fifty day moving average of $128.27 and a two-hundred day moving average of $105.53. The company has a market capitalization of $38.55 billion, a PE ratio of 68.48, a P/E/G ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 1 year low of $53.30 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

The company 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 represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 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. Over the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VRT shares. Barclays started coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Bank of America lifted their price target 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. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Mizuho lifted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.75.

About Vertiv

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.