Vertiv Holdings Co. $VRT Shares Sold by Lbp Am Sa

Lbp Am Sa cut its holdings in Vertiv Holdings Co. (NYSE:VRT) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,487 shares of the company’s stock after selling 222,456 shares during the quarter. Vertiv accounts for 1.1% of Lbp Am Sa’s portfolio, making the stock its 18th biggest holding. Lbp Am Sa owned 0.15% of Vertiv worth $88,477,000 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 stock. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Vertiv by 1.9% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock worth $456,000 after acquiring an additional 55 shares in the last quarter. JBR Co Financial Management Inc grew its position in shares of Vertiv by 0.8% in the third 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 during the last quarter. Plancorp LLC increased its stake 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 in the last quarter. True Wealth Design LLC lifted its stake in 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 buying an additional 68 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Vertiv by 67.6% during the 3rd 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 last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT stock opened at $182.55 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The company has a market cap of $69.80 billion, a PE ratio of 68.89, a P/E/G ratio of 1.12 and a beta of 2.06. The company’s fifty day simple moving average is $170.74 and its 200-day simple moving average is $157.08. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $202.45.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VRT has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. The Goldman Sachs Group increased their price target on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Citigroup lifted their price objective on Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, December 8th. UBS Group increased their target price on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently 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.