Vertiv Holdings Co (NYSE:VRT) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd lowered its stake in Vertiv Holdings Co (NYSE:VRT) by 73.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,919 shares of the company’s stock after selling 441,453 shares during the period. Vertiv makes up approximately 1.2% of Generate Investment Management Ltd’s portfolio, making the stock its 26th biggest holding. Generate Investment Management Ltd’s holdings in Vertiv were worth $17,828,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VRT. Sanctuary Advisors LLC acquired a new position in Vertiv in the 2nd quarter valued at $1,632,000. GAMMA Investing LLC raised its holdings in Vertiv by 102.1% during the third quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock worth $189,000 after purchasing an additional 962 shares in the last quarter. Fulton Bank N.A. acquired a new stake in Vertiv in the third quarter valued at about $304,000. Dynamic Advisor Solutions LLC acquired a new stake in Vertiv in the third quarter valued at about $436,000. Finally, CWM LLC boosted its holdings in Vertiv by 27.6% in the 3rd quarter. CWM LLC now owns 18,891 shares of the company’s stock valued at $1,879,000 after purchasing an additional 4,081 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the firm’s 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 sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Price Performance

Shares of NYSE:VRT opened at $119.49 on Friday. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The stock has a market cap of $44.85 billion, a PE ratio of 79.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The business’s fifty day moving average price is $124.52 and its two-hundred day moving average price is $106.87. 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 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 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.