Mezzasalma Advisors LLC Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Mezzasalma Advisors LLC raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,008 shares of the company’s stock after purchasing an additional 3,945 shares during the quarter. Vertiv accounts for about 0.7% of Mezzasalma Advisors LLC’s portfolio, making the stock its 28th largest position. Mezzasalma Advisors LLC’s holdings in Vertiv were worth $2,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Vertiv by 102.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock worth $189,000 after purchasing an additional 962 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in Vertiv in the 3rd quarter worth about $436,000. CWM LLC lifted its holdings in 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 buying an additional 4,081 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Vertiv by 91.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,402 shares of the company’s stock valued at $139,000 after buying an additional 668 shares in the last quarter. Finally, Boston Common Asset Management LLC boosted its position in Vertiv by 6.7% in the 3rd quarter. Boston Common Asset Management LLC now owns 222,747 shares of the company’s stock valued at $22,161,000 after buying an additional 13,909 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays assumed 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. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Up 1.6 %

NYSE:VRT opened at $121.42 on Friday. The firm has a market capitalization of $45.57 billion, a P/E ratio of 80.95, a PEG ratio of 0.92 and a beta of 1.64. The company’s fifty day moving average price is $124.52 and its 200-day moving average price is $106.87. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid 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 dividend yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is presently 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.