26,868 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,868 shares of the company’s stock, valued at approximately $3,052,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter valued at $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of 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. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv in the third quarter worth about $30,000. 89.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vertiv news, 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 transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value 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. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Performance

Vertiv stock opened at $125.85 on Tuesday. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The stock has a market cap of $47.23 billion, a price-to-earnings ratio of 83.90, a PEG ratio of 0.94 and a beta of 1.64. The stock’s 50 day simple moving average is $124.39 and its two-hundred day simple moving average is $107.42. 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 company 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 annualized dividend and a yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays initiated coverage on shares of Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Finally, Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price 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.