Vertiv Holdings Co (NYSE:VRT) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its position in Vertiv Holdings Co (NYSE:VRT) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 300 shares of the company’s stock after selling 200 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Vertiv were worth $34,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the 4th quarter valued at approximately $30,000. Krane Funds Advisors LLC acquired a new stake in Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in 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 acquiring an additional 200 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 1.6 %

Shares of VRT opened at $121.42 on Monday. 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 firm has a 50-day moving average price of $124.39 and a 200 day moving average price of $107.21. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. The firm has a market capitalization of $45.57 billion, a P/E ratio of 80.95, a P/E/G ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the business’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the 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 transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VRT. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.36.

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.