Peterson Wealth Services Purchases 14,746 Shares of Vertiv Holdings Co. $VRT

Peterson Wealth Services lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 214.0% during the third quarter, HoldingsChannel reports. The firm owned 21,636 shares of the company’s stock after acquiring an additional 14,746 shares during the quarter. Vertiv comprises 0.7% of Peterson Wealth Services’ holdings, making the stock its 29th largest holding. Peterson Wealth Services’ holdings in Vertiv were worth $3,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. grew its stake in shares of Vertiv by 1,560.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 156 shares in the last quarter. Pacer Advisors Inc. increased its position in Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after buying an additional 69 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of 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 last quarter. Quent Capital LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth about $30,000. Finally, Promus Capital LLC bought a new stake in shares of Vertiv during the 2nd quarter worth about $26,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the sale, the executive vice president directly owned 4,050 shares in the company, valued at $690,444. This represents a 57.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Citigroup increased their price target on Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Roth Mkm restated a “buy” rating and issued a $195.00 price objective (up from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. UBS Group increased their price objective on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Price Performance

Shares of NYSE VRT opened at $190.15 on Tuesday. The stock has a fifty day moving average of $173.61 and a 200-day moving average of $159.77. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45. The stock has a market cap of $72.70 billion, a PE ratio of 71.75, a price-to-earnings-growth ratio of 1.14 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83.

Vertiv Increases Dividend

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

Vertiv Company 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.