Reaves W H & Co. Inc. Sells 195,650 Shares of Vertiv Holdings Co. $VRT

Reaves W H & Co. Inc. cut its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 55.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,145 shares of the company’s stock after selling 195,650 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Vertiv were worth $23,254,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. grew its position in Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 156 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Vertiv by 67.6% in the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after purchasing an additional 69 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Vertiv by 54.0% in the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. Quent Capital LLC bought a new position in shares of Vertiv during the 3rd quarter valued at $30,000. Finally, Promus Capital LLC purchased a new position in Vertiv in the 2nd quarter worth $26,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT opened at $202.56 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The stock has a market capitalization of $77.45 billion, a PE ratio of 76.44, a price-to-earnings-growth ratio of 1.20 and a beta of 2.08. The stock’s 50 day moving average price is $175.10 and its 200-day moving average price is $161.93. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $208.43.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is 9.43%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Mizuho increased their target price on Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, October 17th. The Goldman Sachs Group raised their price target on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Wolfe Research lowered Vertiv from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 9th. Finally, UBS Group lifted their target price on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president owned 4,050 shares in the company, valued at $690,444. The trade was a 57.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.01% of the company’s stock.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.