Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,209 shares of the company’s stock after acquiring an additional 2,129 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Vertiv were worth $9,401,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. boosted its position in shares of Vertiv by 780.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock valued at $34,000 after acquiring an additional 234 shares in the last quarter. Garde Capital Inc. boosted its position in shares of Vertiv by 1,886.7% during the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company’s stock valued at $38,000 after acquiring an additional 283 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of Vertiv by 69.0% during the 2nd quarter. Tradewinds Capital Management LLC now owns 343 shares of the company’s stock valued at $44,000 after acquiring an additional 140 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Vertiv during the 1st quarter valued at about $26,000. Finally, SouthState Corp acquired a new stake in shares of Vertiv during the 1st quarter valued at about $27,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Trading Up 1.1%
Shares of NYSE VRT opened at $175.90 on Tuesday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $184.44. The company has a market cap of $67.17 billion, a PE ratio of 84.16, a P/E/G ratio of 1.50 and a beta of 1.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $143.94 and a two-hundred day moving average of $121.34.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 7.18%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on VRT shares. Deutsche Bank Aktiengesellschaft set a $216.00 target price on shares of Vertiv and gave the company a “buy” rating in a research report on Wednesday, October 15th. Cfra Research raised shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. Bank of America lifted their price target on shares of Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Roth Capital reissued a “buy” rating and set a $162.00 price target on shares of Vertiv in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $150.00 to $206.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $161.30.
Check Out Our Latest Stock Report on VRT
Insider Activity at Vertiv
In related news, Director Jakki L. Haussler sold 15,680 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the sale, the director directly owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 180,952 shares of company stock valued at $23,360,571. Insiders own 5.01% of the company’s stock.
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.
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