Stonegate Investment Group LLC Cuts Stock Holdings in Vertiv Holdings Co. $VRT

Stonegate Investment Group LLC cut its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 43.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,301 shares of the company’s stock after selling 34,536 shares during the period. Stonegate Investment Group LLC’s holdings in Vertiv were worth $6,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Investors Asset Management of Georgia Inc. GA ADV grew its position in Vertiv by 1.9% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock valued at $456,000 after acquiring an additional 55 shares during the period. JBR Co Financial Management Inc lifted its stake in shares of Vertiv by 0.8% in the 3rd quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock valued at $1,180,000 after purchasing an additional 65 shares in the last quarter. Plancorp LLC grew its holdings in shares of Vertiv by 1.3% during the 3rd quarter. Plancorp LLC now owns 5,317 shares of the company’s stock worth $802,000 after purchasing an additional 67 shares during the period. True Wealth Design LLC increased its position in Vertiv by 54.0% during the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Vertiv by 67.6% in the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after buying an additional 69 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

VRT stock opened at $180.89 on Tuesday. The stock’s 50 day moving average is $171.03 and its two-hundred day moving average is $157.50. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $202.45. The company has a market capitalization of $69.16 billion, a PE ratio of 68.26, a P/E/G ratio of 1.12 and a beta of 2.06. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. Vertiv’s payout ratio is presently 9.43%.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction on 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 directly owned 4,050 shares in the company, valued at $690,444. This represents a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VRT shares. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Morgan Stanley lifted their target price on shares of Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. Barclays raised Vertiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $181.00 to $200.00 in a research report on Friday, January 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Vertiv Company Profile

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.