Hartline Investment Corp Sells 15,886 Shares of Vertiv Holdings Co (NYSE:VRT)

Hartline Investment Corp cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 244,803 shares of the company’s stock after selling 15,886 shares during the period. Vertiv comprises about 3.2% of Hartline Investment Corp’s investment portfolio, making the stock its 10th biggest holding. Hartline Investment Corp’s holdings in Vertiv were worth $27,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter valued at about $26,000. Krane Funds Advisors LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv in the third quarter worth $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VRT shares. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. The Goldman Sachs Group boosted their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” 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 stock an “outperform” rating in a research report on Tuesday, November 19th. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % 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 worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Up 3.7 %

VRT stock opened at $125.85 on Tuesday. The company’s 50 day simple moving average is $124.39 and its 200-day simple moving average is $107.42. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week 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 firm has a market capitalization of $47.23 billion, a P/E ratio of 83.90, a P/E/G ratio of 0.94 and a beta of 1.64.

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 given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 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.