Savant Capital LLC Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Savant Capital LLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,261 shares of the company’s stock after buying an additional 1,012 shares during the quarter. Savant Capital LLC’s holdings in Vertiv were worth $4,801,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv during the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Vertiv during the 3rd quarter worth approximately $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Up 3.7 %

NYSE:VRT opened at $125.85 on Tuesday. 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 $47.23 billion, a P/E ratio of 83.90, a P/E/G ratio of 0.94 and a beta of 1.64. 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 business has a 50 day simple moving average of $124.39 and a 200 day simple moving average of $107.42.

Vertiv Increases Dividend

The business 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. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

VRT has been the topic of several analyst reports. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Bank of America lifted their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays began coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.36.

Insider Activity at Vertiv

In other Vertiv 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 sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale 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 Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, 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. Insiders sold 171,527 shares of company stock worth $23,105,682 in the last 90 days. 5.01% of the stock is currently owned by company insiders.

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.