Independent Advisor Alliance Sells 4,289 Shares of Vertiv Holdings Co. $VRT

Independent Advisor Alliance lowered its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 6.0% in the third quarter, Holdings Channel reports. The institutional investor owned 67,302 shares of the company’s stock after selling 4,289 shares during the period. Independent Advisor Alliance’s holdings in Vertiv were worth $10,153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Everhart Financial Group Inc. increased its position in Vertiv by 114.9% during the third quarter. Everhart Financial Group Inc. now owns 4,954 shares of the company’s stock worth $747,000 after acquiring an additional 2,649 shares during the period. Howard Capital Management Inc. grew its position in shares of Vertiv by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 1,837 shares of the company’s stock worth $277,000 after purchasing an additional 54 shares in the last quarter. National Pension Service increased its holdings in shares of Vertiv by 7.3% during the third quarter. National Pension Service now owns 660,948 shares of the company’s stock worth $99,711,000 after purchasing an additional 44,896 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Vertiv by 5.2% in the third quarter. Cornerstone Wealth Management LLC now owns 4,032 shares of the company’s stock valued at $608,000 after buying an additional 198 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Vertiv by 397.8% in the third quarter. AlphaQuest LLC now owns 3,783 shares of the company’s stock valued at $571,000 after buying an additional 3,023 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction on 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 owned 4,050 shares in the company, valued at $690,444. The trade was a 57.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group raised their price objective on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Vertiv in a research report on Thursday, January 15th. Cfra Research raised shares of Vertiv to a “moderate buy” rating in a research report on Tuesday, October 7th. Evercore ISI increased their price objective on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Citigroup boosted their target price on shares of Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv Price Performance

VRT stock opened at $186.24 on Friday. The stock has a market cap of $71.21 billion, a price-to-earnings ratio of 70.28, a P/E/G ratio of 1.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The company has a 50 day simple moving average of $173.20 and a 200 day simple moving average of $159.11. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $202.45.

Vertiv Increases Dividend

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

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.