By otakuyassine3@gmail.com 
Vertiv Holdings Co (NYSE:VRT – Get Free Report) shares saw strong trading volume on Tuesday . 8,671,583 shares traded hands during trading, a decline of 4% from the previous session’s volume of 8,989,386 shares.The stock last traded at $102.55 and had previously closed at $102.60.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Mizuho increased 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. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Barclays initiated coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective on the stock. Finally, Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.
Get Our Latest Analysis on Vertiv
Vertiv Stock Up 3.4 %
The business has a fifty day moving average of $127.86 and a 200 day moving average of $105.60. 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 stock has a market capitalization of $39.83 billion, a price-to-earnings ratio of 70.37, a PEG ratio of 1.16 and a beta of 1.63.
Vertiv Increases Dividend
The business 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. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.
Insider Buying and Selling at Vertiv
In related news, Director Jakki L. Haussler sold 15,347 shares of the 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 transaction, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 over the last 90 days. 5.01% of the stock is owned by insiders.
Institutional Trading of Vertiv
Several hedge funds have recently made changes to their positions in the business. Silverleafe Capital Partners LLC acquired a new stake in Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC increased its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares during the period. Clearbridge Investments LLC raised its stake in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after acquiring an additional 340,639 shares in the last quarter. Whittier Trust Co. boosted its holdings in Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after purchasing an additional 8,579 shares during the period. Finally, Janney Capital Management LLC acquired a new position in Vertiv during the 3rd quarter worth $8,403,000. Institutional investors and hedge funds own 89.92% 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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