3,943 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,943 shares of the company’s stock, valued at approximately $448,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Vertiv by 70.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 91,055 shares of the company’s stock valued at $10,345,000 after buying an additional 37,670 shares during the last quarter. Telligent Fund LP bought a new position in shares of Vertiv in the fourth quarter worth about $2,272,000. Consolidated Portfolio Review Corp acquired a new position in shares of Vertiv during the 4th quarter worth about $2,257,000. Geneva Partners LLC bought a new stake in Vertiv during the 4th quarter valued at approximately $1,019,000. Finally, Elm3 Financial Group LLC acquired a new stake in Vertiv in the 4th quarter valued at approximately $298,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Vertiv stock opened at $121.42 on Friday. The business has a 50 day simple moving average of $124.52 and a 200 day simple moving average of $106.87. 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 capitalization of $45.57 billion, a PE ratio of 80.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRT. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Finally, The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.36.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’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 in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

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.