By otakuyassine3@gmail.com 
Vertiv Holdings Co (NYSE:VRT – Get Free Report)’s stock price traded down 0.6% on Tuesday . The company traded as low as $109.55 and last traded at $111.96. 2,823,423 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 10,242,553 shares. The stock had previously closed at $112.60.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on VRT. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Barclays initiated coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price on the stock. Finally, UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $139.36.
Read Our Latest Report on Vertiv
Vertiv Stock Performance
The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 79.66, a P/E/G ratio of 0.92 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. The stock’s 50-day moving average is $124.67 and its 200-day moving average is $106.78.
Vertiv Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.
Insider Buying and Selling
In related news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.
Hedge Funds Weigh In On Vertiv
Institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter worth about $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% in the 3rd 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv during the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
About Vertiv
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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