Golden State Wealth Management LLC Makes New $448,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Golden State Wealth Management LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,943 shares of the company’s stock, valued at approximately $448,000.

Other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC raised its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after buying an additional 3,153,932 shares in the last quarter. State Street Corp increased its stake in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after acquiring an additional 308,704 shares during the period. Geode Capital Management LLC raised its holdings in Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after purchasing an additional 408,054 shares in the last quarter. Wellington Management Group LLP lifted its position in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after purchasing an additional 40,696 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 1.6 %

Shares of NYSE:VRT opened at $121.42 on Friday. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $45.57 billion, a P/E ratio of 80.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The firm has a fifty day moving average of $124.52 and a two-hundred day moving average of $106.87.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Analyst Ratings Changes

Several analysts have recently weighed in on VRT shares. Barclays assumed coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Insiders Place Their Bets

In other Vertiv 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 directly owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last three months. Insiders own 5.01% of the company’s stock.

Vertiv 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.