Vertiv Holdings Co. $VRT Shares Acquired by Sovran Advisors LLC

Sovran Advisors LLC increased its stake in Vertiv Holdings Co. (NYSE:VRT) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Abundance Wealth Counselors boosted its position in shares of Vertiv by 313.7% during the 3rd quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock worth $1,533,000 after acquiring an additional 7,708 shares in the last quarter. Union Bancaire Privee UBP SA lifted its stake in Vertiv by 35.5% during the third quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock worth $41,126,000 after purchasing an additional 71,361 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in Vertiv by 5.5% during the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock worth $21,588,000 after purchasing an additional 7,400 shares during the last quarter. Nordea Investment Management AB increased its stake in Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after purchasing an additional 1,624,456 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Vertiv by 134.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 291,036 shares of the company’s stock valued at $37,372,000 after purchasing an additional 167,152 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the subject of several research analyst reports. Cfra Research upgraded shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. The Goldman Sachs Group boosted their price target on shares of Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Mizuho upped their price objective on shares of Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley raised their price objective on Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, UBS Group boosted their target price on Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Insider Activity

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

Vertiv Stock Performance

NYSE VRT opened at $182.55 on Monday. The stock has a market capitalization of $69.80 billion, a price-to-earnings ratio of 68.89, a PEG ratio of 1.12 and a beta of 2.06. The business’s 50 day moving average is $170.74 and its two-hundred day moving average is $157.08. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is presently 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.