Graphene Investments SAS Cuts Holdings in Vertiv Holdings Co (NYSE:VRT)

Graphene Investments SAS lowered its position in Vertiv Holdings Co (NYSE:VRT) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,800 shares of the company’s stock after selling 7,300 shares during the period. Graphene Investments SAS’s holdings in Vertiv were worth $2,477,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Vertiv during the second quarter worth approximately $1,632,000. GAMMA Investing LLC raised its stake in shares of Vertiv by 102.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock worth $189,000 after buying an additional 962 shares during the period. Fulton Bank N.A. purchased a new position in shares of Vertiv during the 3rd quarter valued at approximately $304,000. Dynamic Advisor Solutions LLC acquired a new stake in Vertiv in the 3rd quarter valued at $436,000. Finally, CWM LLC increased its holdings in Vertiv by 27.6% in the 3rd quarter. CWM LLC now owns 18,891 shares of the company’s stock worth $1,879,000 after acquiring 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 related news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The transaction 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 company’s stock in a transaction 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 transaction, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 over the last quarter. 5.01% of the stock is owned by insiders.

Vertiv Price Performance

Shares of VRT stock opened at $119.49 on Friday. The firm’s 50-day moving average is $124.67 and its two-hundred day moving average is $106.78. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market capitalization of $44.85 billion, a PE 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 disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio is currently 6.67%.

Analyst Upgrades and Downgrades

VRT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. TD Cowen raised their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Company 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.