Forsta AP Fonden Lowers Stock Position in Vertiv Holdings Co (NYSE:VRT)

Forsta AP Fonden decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 131,211 shares of the company's stock after selling 14,500 shares during the period. Forsta AP Fonden's holdings in Vertiv were worth $14,907,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Vertiv by 55.4% in the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company's stock worth $2,642,000 after purchasing an additional 10,884 shares in the last quarter. Creative Planning raised its stake in shares of Vertiv by 5.8% in the second quarter. Creative Planning now owns 36,277 shares of the company's stock worth $3,140,000 after purchasing an additional 2,004 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vertiv by 238.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,810 shares of the company's stock worth $1,542,000 after purchasing an additional 12,546 shares during the period. Quarry LP purchased a new stake in Vertiv in the second quarter valued at approximately $57,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Vertiv in the second quarter valued at approximately $475,000. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 3.2 %

Shares of Vertiv stock traded up $3.56 during trading hours on Thursday, hitting $114.02. The company's stock had a trading volume of 5,447,874 shares, compared to its average volume of 10,132,764. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 76.14, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The firm has a fifty day moving average of $126.63 and a 200-day moving average of $105.75.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company's stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. Insiders own 5.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRT. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $139.36.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.