Vertiv Holdings Co (NYSE:VRT) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,598 shares of the company’s stock after selling 45,149 shares during the quarter. Boston Common Asset Management LLC’s holdings in Vertiv were worth $20,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the third quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in Vertiv during the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction 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. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 in the last three months. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Barclays initiated coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target for the company. Finally, 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.92.

Vertiv Stock Performance

Shares of NYSE:VRT traded up $1.84 on Friday, reaching $134.43. 364,664 shares of the company’s stock were exchanged, compared to its average volume of 5,517,781. The business’s 50-day moving average is $125.65 and its two-hundred day moving average is $102.95. 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 $49.67 and a fifty-two week high of $145.67. The firm has a market capitalization of $50.46 billion, a price-to-earnings ratio of 89.18, a PEG ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

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 of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

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.