Reaves W H & Co. Inc. Cuts Position in Vertiv Holdings Co. $VRT

Reaves W H & Co. Inc. lowered its stake in Vertiv Holdings Co. (NYSE:VRT) by 55.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 154,145 shares of the company’s stock after selling 195,650 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Vertiv were worth $23,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VRT. Financial Management Professionals Inc. boosted its stake in Vertiv by 1,560.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Promus Capital LLC bought a new position in shares of Vertiv in the second quarter worth approximately $26,000. Pacer Advisors Inc. grew its holdings 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 buying an additional 69 shares during 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 valued at $27,000 after acquiring an additional 106 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after acquiring an additional 68 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Stephen Liang sold 5,501 shares of the company’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 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 5.01% of the stock is currently owned by insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $202.56 on Tuesday. 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 stock has a market capitalization of $77.45 billion, a PE ratio of 76.44, a price-to-earnings-growth ratio of 1.20 and a beta of 2.08. The firm’s 50 day moving average price is $175.10 and its 200-day moving average price is $161.93. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $208.43.

Vertiv Increases Dividend

The firm 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. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is 9.43%.

Wall Street Analyst Weigh In

VRT has been the topic of several recent analyst reports. Weiss Ratings downgraded Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 29th. Citigroup upped their price target on Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a report on Monday, December 8th. Roth Mkm reiterated 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. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv 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.