2,998 Shares in Vertiv Holdings Co. $VRT Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,998 shares of the company’s stock, valued at approximately $452,000.

A number of other institutional investors also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Vertiv by 1.9% during the 3rd 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 increased its stake in shares of Vertiv by 0.8% in the third quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock worth $1,180,000 after purchasing an additional 65 shares in the last quarter. Plancorp LLC raised 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 purchasing an additional 67 shares during the period. True Wealth Design LLC raised its position in shares of Vertiv by 54.0% during 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 during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Vertiv by 67.6% during the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after buying an additional 69 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

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 transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. This trade represents a 57.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group increased their target price on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Mizuho upped their price target on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. TD Cowen reissued a “buy” rating and issued a $211.00 target price on shares of Vertiv in a report on Monday, December 1st. Finally, Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Vertiv Price Performance

Shares of Vertiv stock opened at $180.89 on Tuesday. The stock has a market cap of $69.16 billion, a price-to-earnings ratio of 68.26, a price-to-earnings-growth ratio of 1.12 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The stock has a 50 day moving average price of $171.03 and a 200-day moving average price of $157.50. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a 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 dividend payout ratio (DPR) 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.