Bleakley Financial Group LLC Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Bleakley Financial Group LLC increased its position in Vertiv Holdings Co (NYSE:VRT) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,601 shares of the company’s stock after buying an additional 1,330 shares during the quarter. Bleakley Financial Group LLC’s holdings in Vertiv were worth $2,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Vertiv in the second quarter valued at $1,632,000. GAMMA Investing LLC boosted its holdings in Vertiv by 102.1% in the third quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after acquiring an additional 962 shares in the last quarter. Fulton Bank N.A. bought a new stake in Vertiv in the third quarter valued at $304,000. Dynamic Advisor Solutions LLC bought a new stake in Vertiv in the third quarter valued at $436,000. Finally, CWM LLC boosted its holdings in shares of 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. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s 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 of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. 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. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Price Performance

Shares of NYSE:VRT opened at $119.49 on Friday. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The business has a 50-day simple moving average of $124.67 and a two-hundred day simple moving average of $106.78. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a market cap of $44.85 billion, a price-to-earnings ratio of 79.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s payout ratio is 6.67%.

About Vertiv

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.