Deepwater Asset Management LLC Trims Holdings in Vertiv Holdings Co (NYSE:VRT)

Deepwater Asset Management LLC lowered its holdings in Vertiv Holdings Co (NYSE:VRT) by 14.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 130,053 shares of the company’s stock after selling 21,107 shares during the quarter. Vertiv makes up about 4.8% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Deepwater Asset Management LLC’s holdings in Vertiv were worth $14,775,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VRT. OLD Second National Bank of Aurora bought a new stake in Vertiv in the fourth quarter valued at $30,000. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the 3rd quarter worth about $29,000. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the 2nd quarter valued at about $26,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the third quarter valued at about $30,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of 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. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of VRT opened at $117.14 on Monday. The company has a market capitalization of $43.97 billion, a P/E ratio of 78.10, a price-to-earnings-growth 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 quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a 50 day moving average of $125.62 and a 200 day moving average of $106.13.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research analyst reports. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Four equities research 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 a consensus rating of “Moderate Buy” and a consensus 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.