World Investment Advisors raised its holdings in shares of  Vertiv Holdings Co. (NYSE:VRT – Free Report) by 49.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 5,211 shares of the company’s stock after purchasing an additional 1,732 shares during the period. World Investment Advisors’ holdings in Vertiv were worth $669,000 at the end of the most recent quarter. 
Other large investors have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new position in shares of Vertiv during the first quarter worth $26,000. SouthState Corp acquired a new position in shares of Vertiv during the first quarter worth $27,000. Avion Wealth increased its position in shares of Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Sachetta LLC increased its position in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company’s stock worth $32,000 after purchasing an additional 317 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Vertiv in the 2nd quarter valued at $32,000. 89.92% of the stock is owned by institutional investors and hedge funds.
Vertiv Price Performance
NYSE:VRT opened at $192.55 on Monday. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The firm has a market cap of $73.62 billion, a price-to-earnings ratio of 72.66, a PEG ratio of 1.56 and a beta of 1.87. The firm’s fifty day moving average is $153.78 and its two-hundred day moving average is $129.20.
Vertiv Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio is presently 5.66%.
Insider Buying and Selling at Vertiv
In other news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the sale, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. This represents a 77.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karsten Winther sold 41,654 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 in the last three months. Company insiders own 5.01% of the company’s stock.
Wall Street Analysts Forecast Growth
VRT has been the topic of several research reports. Rothschild & Co Redburn initiated coverage on Vertiv in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 target price on the stock. The Goldman Sachs Group set a $182.00 target price on Vertiv in a research report on Thursday, October 23rd. Mizuho upped their target price on Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Wolfe Research reissued an “outperform” rating and issued a $155.00 target price on shares of Vertiv in a research report on Thursday, July 10th. Finally, Redburn Atlantic raised Vertiv to a “hold” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $177.81.
View Our Latest Stock Analysis on Vertiv
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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