Graphene Investments SAS Cuts Stake in Vertiv Holdings Co (NYSE:VRT)

Graphene Investments SAS cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,800 shares of the company’s stock after selling 7,300 shares during the quarter. Graphene Investments SAS’s holdings in Vertiv were worth $2,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares during the period. Castle Hook Partners LP grew its position in shares of Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after buying an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of Vertiv during the third quarter worth approximately $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in shares of Vertiv during the third quarter worth approximately $93,481,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 0.4 %

VRT stock opened at $119.49 on Friday. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month 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. The company has a market cap of $44.85 billion, a price-to-earnings ratio of 79.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The company has a fifty day moving average price of $124.67 and a 200 day moving average price of $106.78.

Vertiv Increases Dividend

The firm 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 an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio is 6.67%.

Insider Buying and Selling

In other news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated 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 $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % 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 over the last quarter. 5.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VRT has been the subject of several analyst reports. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Bank of America raised their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Finally, Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

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.