Valliance Asset Management Ltd Invests $1.44 Million in Vertiv Holdings Co. (NYSE:VRT)

Valliance Asset Management Ltd acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT) in the 1st quarter, HoldingsChannel reports. The firm acquired 20,000 shares of the company’s stock, valued at approximately $1,444,000. Vertiv makes up approximately 3.3% of Valliance Asset Management Ltd’s portfolio, making the stock its 9th largest position.

Several other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Vertiv during the first quarter worth approximately $549,000. Foundations Investment Advisors LLC increased its holdings in shares of Vertiv by 1.8% during the first quarter. Foundations Investment Advisors LLC now owns 188,796 shares of the company’s stock worth $13,631,000 after buying an additional 3,284 shares in the last quarter. Baldwin Investment Management LLC increased its holdings in shares of Vertiv by 18.1% during the first quarter. Baldwin Investment Management LLC now owns 38,431 shares of the company’s stock worth $2,775,000 after buying an additional 5,893 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its holdings in shares of Vertiv by 7.9% in the first quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 6,762 shares of the company’s stock valued at $488,000 after purchasing an additional 494 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC bought a new position in Vertiv in the 1st quarter worth approximately $3,081,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider owned 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president directly owned 9,551 shares of the company’s stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VRT shares. UBS Group restated a “buy” rating on shares of Vertiv in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 21st. Cowen restated a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Mizuho boosted their price objective on shares of Vertiv from $125.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Finally, Melius upgraded shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv has a consensus rating of “Buy” and a consensus price target of $136.76.

Vertiv Stock Performance

Shares of Vertiv stock opened at $142.74 on Tuesday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a market capitalization of $54.40 billion, a price-to-earnings ratio of 82.99, a PEG ratio of 1.37 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The firm has a fifty day moving average of $119.32 and a two-hundred day moving average of $104.08.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a $0.0375 dividend. This is a positive change from Vertiv’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv’s payout ratio is 8.72%.

Vertiv Company Profile

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.