Annis Gardner Whiting Capital Advisors LLC Buys New Position in Vertiv Holdings Co. $VRT

Annis Gardner Whiting Capital Advisors LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,580 shares of the company’s stock, valued at approximately $389,000.

Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its holdings in Vertiv by 1,560.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Promus Capital LLC purchased a new position in Vertiv in the 2nd quarter valued at about $26,000. Pacer Advisors Inc. grew its stake in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Avion Wealth increased its position in shares of Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Vertiv by 54.0% in the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 0.7%

Shares of NYSE VRT opened at $195.17 on Friday. The company has a market cap of $74.62 billion, a price-to-earnings ratio of 73.65, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The stock’s 50 day simple moving average is $172.67 and its 200 day simple moving average is $158.47. 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.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VRT. Wolfe Research lowered Vertiv from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 9th. Morgan Stanley raised their price target on shares of Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. cut their target price on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Finally, Barclays raised shares of Vertiv from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $181.00 to $200.00 in a research report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of Vertiv 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 sale, the executive vice president directly 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 document filed with the SEC, which is available through this hyperlink. 2.63% of the stock is currently owned by company 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.