Aubrey Capital Management Ltd Sells 21,823 Shares of Vertiv Holdings Co (NYSE:VRT)

Aubrey Capital Management Ltd cut its position in shares of Vertiv Holdings Co (NYSE:VRT) by 37.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,200 shares of the company’s stock after selling 21,823 shares during the quarter. Vertiv comprises 1.6% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 20th biggest holding. Aubrey Capital Management Ltd’s holdings in Vertiv were worth $4,227,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the fourth quarter worth $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Vertiv during the third quarter valued at about $30,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 1.6 %

Shares of NYSE:VRT opened at $121.42 on Monday. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. The business’s fifty day simple moving average is $124.39 and its 200-day simple moving average is $107.42. The company has a market capitalization of $45.57 billion, a PE ratio of 80.95, a P/E/G ratio of 0.94 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VRT. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective on the stock. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Insider Buying and Selling

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was 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 worth $23,105,682 in the last ninety days. 5.01% of the stock is owned by insiders.

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.