Guardian Asset Advisors LLC Cuts Stake in Vertiv Holdings Co. $VRT

Guardian Asset Advisors LLC reduced its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 20.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,782 shares of the company’s stock after selling 3,032 shares during the quarter. Vertiv accounts for about 1.0% of Guardian Asset Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Guardian Asset Advisors LLC’s holdings in Vertiv were worth $1,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRT. Financial Management Professionals Inc. increased its position in shares of Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 156 shares in the last quarter. Promus Capital LLC purchased a new stake in Vertiv during the 2nd quarter valued at $26,000. Pacer Advisors Inc. increased its holdings in shares of Vertiv by 67.6% in the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. Avion Wealth raised its stake in shares of Vertiv by 99.1% in the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Vertiv by 54.0% during the third 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 own 89.92% of the company’s stock.

Vertiv Price Performance

NYSE VRT opened at $182.55 on Monday. 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 Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45. The stock has a market cap 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 company’s 50 day moving average is $170.74 and its two-hundred day moving average is $157.08.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at approximately $690,444. This represents a 57.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on VRT shares. Morgan Stanley lifted 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. The Goldman Sachs Group raised their price target on shares of Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. decreased their price objective on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Barclays upgraded shares of Vertiv from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $181.00 to $200.00 in a report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vertiv in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Company 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.