Optimist Retirement Group LLC Lowers Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Optimist Retirement Group LLC lessened its position in Vertiv Holdings Co (NYSE:VRT) by 14.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,293 shares of the company’s stock after selling 384 shares during the quarter. Optimist Retirement Group LLC’s holdings in Vertiv were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after acquiring an additional 84 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in shares of Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares during the period. ORG Partners LLC grew its holdings in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP increased its stake in Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares during the period. Finally, NBC Securities Inc. lifted its holdings in Vertiv by 0.9% during the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VRT has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Morgan Stanley started 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. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Up 7.0 %

Shares of NYSE:VRT opened at $119.00 on Thursday. 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 simple moving average of $124.83 and a 200-day simple moving average of $106.69. The company 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. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month 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 paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

About Vertiv

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.