Mediolanum International Funds Ltd Has $24.42 Million Position in Vertiv Holdings Co. $VRT

Mediolanum International Funds Ltd lifted its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,394 shares of the company’s stock after purchasing an additional 30,848 shares during the period. Mediolanum International Funds Ltd’s holdings in Vertiv were worth $24,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Howard Capital Management Inc. lifted its position in shares of Vertiv by 3.0% in the third quarter. Howard Capital Management Inc. now owns 1,837 shares of the company’s stock valued at $277,000 after buying an additional 54 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of 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 last quarter. JBR Co Financial Management Inc raised its stake in Vertiv by 0.8% in the 3rd quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock valued at $1,180,000 after acquiring an additional 65 shares during the period. Plancorp LLC lifted its holdings in 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 last quarter. Finally, True Wealth Design LLC lifted its holdings in 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 last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Down 4.5%

Shares of VRT stock opened at $186.24 on Friday. The stock has a market cap of $71.21 billion, a P/E ratio of 70.28, a price-to-earnings-growth ratio of 1.20 and a beta of 2.06. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $202.45. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $173.20 and a 200 day simple moving average of $159.11.

Vertiv Increases Dividend

The business also recently announced 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 represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is currently 9.43%.

Insider Activity

In related news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was 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 in the company, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRT shares. Cfra Research upgraded shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. reduced their target price 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. Roth Mkm reissued a “buy” rating and issued a $195.00 price target (up from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Wolfe Research downgraded shares of Vertiv from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Vertiv in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

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.