Penserra Capital Management LLC Reduces Holdings in Vertiv Holdings Co. $VRT

Penserra Capital Management LLC reduced its stake in Vertiv Holdings Co. (NYSE:VRT) by 22.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,324 shares of the company’s stock after selling 10,270 shares during the quarter. Penserra Capital Management LLC’s holdings in Vertiv were worth $5,478,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted its stake 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 worth $25,000 after buying an additional 156 shares during the period. Pacer Advisors Inc. raised its stake in Vertiv by 67.6% in the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after acquiring an additional 69 shares during the last quarter. True Wealth Design LLC lifted its position in Vertiv by 54.0% during the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the period. Quent Capital LLC purchased a new stake in Vertiv during the 3rd quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in shares of Vertiv in the second quarter valued at about $26,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Roth Mkm reaffirmed a “buy” rating and set a $195.00 target price (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Citigroup lifted their price objective on shares of Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Vertiv in a report on Thursday, January 15th. UBS Group boosted their target price on shares of Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Vertiv Trading Down 2.7%

VRT stock opened at $177.70 on Friday. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $202.45. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The firm has a market cap of $67.94 billion, a P/E ratio of 67.06, a PEG ratio of 1.12 and a beta of 2.08. The company’s 50-day simple moving average is $174.34 and its 200-day simple moving average is $160.47.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. Vertiv’s dividend payout ratio (DPR) is presently 9.43%.

Insider Buying and Selling at Vertiv

In other 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 transaction of $937,810.48. Following the transaction, the executive vice president owned 4,050 shares in the company, valued at $690,444. This trade represents a 57.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.63% of the stock is currently owned by insiders.

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.