Peterson Wealth Services Takes Position in Vertiv Holdings Co (NYSE:VRT)

Peterson Wealth Services bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,788 shares of the company’s stock, valued at approximately $771,000.

Several other large investors have also recently added to or reduced their stakes in VRT. CWM LLC increased its stake in shares of Vertiv by 27.6% during the 3rd 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 during the last quarter. Carnegie Investment Counsel increased its position in Vertiv by 81.9% during the third quarter. Carnegie Investment Counsel now owns 6,348 shares of the company’s stock worth $632,000 after purchasing an additional 2,859 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Vertiv during the third quarter worth approximately $264,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Vertiv in the 3rd quarter valued at $16,547,000. Finally, Polianta Ltd grew its stake in shares of Vertiv by 7.2% during the 3rd quarter. Polianta Ltd now owns 11,900 shares of the company’s stock valued at $1,183,000 after buying an additional 800 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

Shares of NYSE VRT opened at $125.85 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The business has a 50 day moving average price of $124.39 and a two-hundred day moving average price of $107.42. The firm has a market cap of $47.23 billion, a PE ratio of 83.90, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.36.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated 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 owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated 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 of the company’s stock, valued at $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 171,527 shares of company stock worth $23,105,682 in the last ninety days. 5.01% of the stock is owned by 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.