National Pension Service Raises Holdings in Vertiv Holdings Co. $VRT

National Pension Service increased its position in Vertiv Holdings Co. (NYSE:VRT) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,948 shares of the company’s stock after buying an additional 44,896 shares during the period. National Pension Service owned 0.17% of Vertiv worth $99,711,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after acquiring an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Vertiv during the second quarter valued at $567,000. ASR Vermogensbeheer N.V. grew its stake in shares of Vertiv by 78.4% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 25,190 shares of the company’s stock worth $3,234,000 after buying an additional 11,068 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vertiv by 41.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,859 shares of the company’s stock worth $17,959,000 after buying an additional 41,094 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Vertiv in the 2nd quarter worth about $336,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In related 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 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 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 available through the SEC website. Insiders own 2.63% of the company’s stock.

Vertiv Stock Down 4.5%

NYSE:VRT opened at $186.24 on Friday. The company has a market cap of $71.21 billion, a price-to-earnings ratio of 70.28, a price-to-earnings-growth ratio of 1.20 and a beta of 2.06. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month 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 fifty day simple moving average of $173.20 and a 200-day simple moving average of $159.11.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.0625 per share. This is a boost 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 of this dividend was Tuesday, November 25th. Vertiv’s payout ratio is presently 9.43%.

Analysts Set New Price Targets

VRT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $216.00 price target on Vertiv and gave the stock a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. cut their target price on Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Vertiv in a research report on Thursday, January 15th. Evercore ISI lifted their price objective on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Zacks Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target 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.