Sovran Advisors LLC Increases Stock Holdings in Vertiv Holdings Co. $VRT

Sovran Advisors LLC lifted its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 15.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,588 shares of the company’s stock after acquiring an additional 3,780 shares during the period. Sovran Advisors LLC’s holdings in Vertiv were worth $4,313,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VRT. OneAscent Financial Services LLC raised its position in Vertiv by 7.3% during the third quarter. OneAscent Financial Services LLC now owns 6,919 shares of the company’s stock worth $1,044,000 after acquiring an additional 471 shares during the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Vertiv during the 3rd quarter worth approximately $2,080,000. Algebris UK Ltd. acquired a new position in shares of Vertiv during the 3rd quarter worth approximately $809,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Vertiv by 2.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 74,809 shares of the company’s stock worth $11,984,000 after acquiring an additional 1,600 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Vertiv during the 3rd quarter worth about $201,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group increased their price objective on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. UBS Group increased their price target on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, Evercore ISI lifted their target price on Vertiv from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.89.

Vertiv Stock Performance

Vertiv stock opened at $182.55 on Monday. The firm has a market capitalization of $69.80 billion, a PE ratio of 68.89, a price-to-earnings-growth ratio of 1.12 and a beta of 2.06. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The stock’s 50 day moving average price is $170.74 and its 200 day moving average price is $157.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of Vertiv 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 sale, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. The trade was a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.01% of the stock is owned by corporate insiders.

About Vertiv

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.