Guidance Capital Inc. Invests $354,000 in Vertiv Holdings Co (NYSE:VRT)

Guidance Capital Inc. purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,114 shares of the company’s stock, valued at approximately $354,000.

A number of other hedge funds have also recently made changes to their positions in VRT. Jennison Associates LLC grew its holdings in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP grew its holdings in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP grew its holdings in Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in Vertiv during the 3rd quarter worth about $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in shares of Vertiv during the third quarter valued at about $93,481,000. 89.92% of the stock is currently owned by institutional investors.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last 90 days. 5.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on VRT shares. Barclays started coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. 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 target for the company. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Mizuho increased their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Stock Performance

VRT opened at $119.00 on Thursday. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month 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 firm has a market capitalization of $44.67 billion, a PE ratio of 79.33, a P/E/G ratio of 0.92 and a beta of 1.64. The firm has a 50 day moving average of $124.83 and a two-hundred day moving average of $106.69.

Vertiv Increases Dividend

The company also recently disclosed 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 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 dividend yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 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.