Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Purchases New Position in Vertiv Holdings Co. $VRT

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in Vertiv Holdings Co. (NYSE:VRT) during the 3rd quarter, HoldingsChannel reports. The fund acquired 65,500 shares of the company’s stock, valued at approximately $9,855,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Inc. boosted its holdings in Vertiv by 3.0% during the third quarter. Howard Capital Management Inc. now owns 1,837 shares of the company’s stock worth $277,000 after buying an additional 54 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Vertiv by 1.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock worth $456,000 after acquiring an additional 55 shares during the period. JBR Co Financial Management Inc boosted its stake in shares of Vertiv by 0.8% during the 3rd quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock worth $1,180,000 after acquiring an additional 65 shares in the last quarter. Plancorp LLC grew its position in shares of Vertiv by 1.3% during the 3rd quarter. Plancorp LLC now owns 5,317 shares of the company’s stock valued at $802,000 after acquiring an additional 67 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of Vertiv by 54.0% in the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity

In related news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was 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 of the company’s stock, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The transaction 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 company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VRT. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Mizuho increased 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. Cfra Research raised shares of Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Vertiv in a research report on Thursday, January 15th. Finally, Morgan Stanley increased their price objective on shares of Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv Stock Performance

VRT opened at $190.10 on Wednesday. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. The firm has a market capitalization of $72.68 billion, a PE ratio of 71.74, a PEG ratio of 1.17 and a beta of 2.08. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is $174.03 and its 200 day moving average price is $160.20.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. 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.