Vertiv Holdings Co (NYSE:VRT) Stock Holdings Increased by WASHINGTON TRUST Co

WASHINGTON TRUST Co raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760 shares of the company’s stock after acquiring an additional 200 shares during the period. WASHINGTON TRUST Co’s holdings in Vertiv were worth $86,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new stake in Vertiv during the 4th quarter valued at $241,000. Guardian Asset Advisors LLC raised its stake in shares of Vertiv by 19.0% in the 4th quarter. Guardian Asset Advisors LLC now owns 10,783 shares of the company’s stock worth $1,225,000 after buying an additional 1,719 shares in the last quarter. SFE Investment Counsel bought a new stake in shares of Vertiv in the 4th quarter worth $212,000. Hudock Inc. raised its stake in shares of Vertiv by 6.8% in the 4th quarter. Hudock Inc. now owns 3,456 shares of the company’s stock worth $393,000 after buying an additional 219 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Vertiv in the 4th quarter worth $475,000. Institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on 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 completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction on 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 directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VRT. Bank of America boosted their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Mizuho boosted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Performance

Shares of VRT stock opened at $108.18 on Friday. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $40.60 billion, a price-to-earnings ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. The stock’s fifty day simple moving average is $122.86 and its 200-day simple moving average is $108.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same quarter in the prior year, the business earned $0.56 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is presently 7.81%.

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.