Vertiv Holdings Co. $VRT Shares Purchased by Novare Capital Management LLC

Novare Capital Management LLC boosted its stake in Vertiv Holdings Co. (NYSE:VRT) by 24.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,336 shares of the company’s stock after buying an additional 3,046 shares during the quarter. Novare Capital Management LLC’s holdings in Vertiv were worth $2,314,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. DSG Capital Advisors LLC purchased a new stake in shares of Vertiv in the third quarter valued at $658,000. J. Safra Sarasin Holding AG raised its stake in Vertiv by 122.5% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 29,375 shares of the company’s stock valued at $4,432,000 after purchasing an additional 16,175 shares during the last quarter. Alta Wealth Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at about $452,000. Bensler LLC purchased a new position in Vertiv in the 3rd quarter valued at about $2,940,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Vertiv by 4.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 39,791 shares of the company’s stock worth $6,004,000 after purchasing an additional 1,852 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. The trade was a 57.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen restated a “buy” rating and set a $211.00 target price on shares of Vertiv in a research report on Monday, December 1st. Oppenheimer raised their price objective on Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Evercore ISI lifted their price objective on Vertiv from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 9th. Finally, Morgan Stanley raised their price target on Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Trading Up 4.4%

VRT stock opened at $189.12 on Wednesday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $202.45. The company has a market cap of $72.31 billion, a price-to-earnings ratio of 71.37, a PEG ratio of 1.11 and a beta of 2.06. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $171.50 and a 200-day simple moving average of $157.96.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were issued a $0.0625 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is 9.43%.

Vertiv 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.