3,558 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,558 shares of the company's stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Verde Servicos Internacionais S.A. increased its holdings in shares of Vertiv by 34.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 75,446 shares of the company's stock valued at $8,571,000 after purchasing an additional 19,483 shares during the period. Legacy Bridge LLC increased its position in Vertiv by 0.9% during the 4th quarter. Legacy Bridge LLC now owns 22,658 shares of the company's stock worth $2,574,000 after purchasing an additional 200 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Webster Bank N. A. purchased a new stake in Vertiv in the fourth quarter valued at approximately $51,000. Finally, Atticus Wealth Management LLC increased its position in Vertiv by 43.8% during the 4th quarter. Atticus Wealth Management LLC now owns 1,442 shares of the company's stock worth $164,000 after purchasing an additional 439 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday. Melius Research restated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Finally, Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $139.36.

Vertiv Stock Up 3.4 %

VRT stock traded up $3.54 during trading hours on Tuesday, reaching $106.14. 24,085,692 shares of the stock were exchanged, compared to its average volume of 9,926,508. The firm's 50-day moving average is $127.86 and its 200-day moving average is $105.60. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $39.84 billion, a price-to-earnings ratio of 70.76, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 12 month low of $53.30 and a 12 month high of $155.84.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's payout ratio is presently 6.67%.

Insider Buying and Selling

In related news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company's stock.

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.