BI Asset Management Fondsmaeglerselskab A S Reduces Position in Vertiv Holdings Co. $VRT

BI Asset Management Fondsmaeglerselskab A S decreased its position in Vertiv Holdings Co. (NYSE:VRT) by 32.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 97,158 shares of the company’s stock after selling 46,264 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vertiv were worth $14,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its holdings in Vertiv by 1,560.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 156 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the period. Quent Capital LLC bought a new stake in shares of Vertiv in the third quarter worth about $30,000. Finally, Promus Capital LLC bought a new stake in shares of Vertiv in the second quarter worth about $26,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of Vertiv stock opened at $177.70 on Friday. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45. The firm has a market capitalization of $67.94 billion, a P/E ratio of 67.06, a P/E/G ratio of 1.12 and a beta of 2.08. 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 business has a fifty day simple moving average of $174.34 and a two-hundred day simple moving average of $160.47.

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on VRT shares. UBS Group upped their price target on Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group upped their target price on Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Evercore ISI raised their price target on Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Barclays upgraded shares of Vertiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $181.00 to $200.00 in a report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.89.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. This represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is owned by insiders.

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.