Consolidated Portfolio Review Corp Invests $2.26 Million in Vertiv Holdings Co (NYSE:VRT)

Consolidated Portfolio Review Corp acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,867 shares of the company’s stock, valued at approximately $2,257,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Vertiv during the second quarter valued at $1,632,000. GAMMA Investing LLC increased its stake in Vertiv by 102.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after buying an additional 962 shares during the period. Fulton Bank N.A. bought a new stake in shares of Vertiv during the 3rd quarter worth about $304,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Vertiv in the 3rd quarter worth approximately $436,000. Finally, CWM LLC boosted its holdings in shares of Vertiv by 27.6% in the third quarter. CWM LLC now owns 18,891 shares of the company’s stock valued at $1,879,000 after acquiring an additional 4,081 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on VRT shares. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Oppenheimer raised their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.36.

Insider Buying and Selling

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Vertiv Trading Up 0.4 %

NYSE VRT opened at $119.49 on Friday. The firm’s 50 day moving average price is $124.67 and its two-hundred day moving average price is $106.78. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 79.66, a PEG 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. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

The firm also recently declared 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 represents a $0.15 annualized dividend and a yield of 0.13%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

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.