International Assets Investment Management LLC Sells 141,843 Shares of Vertiv Holdings Co (NYSE:VRT)

International Assets Investment Management LLC lessened its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 97.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,611 shares of the company's stock after selling 141,843 shares during the quarter. International Assets Investment Management LLC's holdings in Vertiv were worth $427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Diversified Trust Co lifted its holdings in shares of Vertiv by 0.4% during the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company's stock valued at $3,714,000 after buying an additional 123 shares during the last quarter. Silverleafe Capital Partners LLC bought a new position in Vertiv during the fourth quarter valued at approximately $4,219,000. Neville Rodie & Shaw Inc. raised its position in Vertiv by 160.2% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 41,555 shares of the company's stock valued at $4,721,000 after acquiring an additional 25,585 shares in the last quarter. Nordea Investment Management AB lifted its stake in Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after acquiring an additional 936,698 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Vertiv in the fourth quarter worth approximately $862,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VRT shares. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective on the stock. Finally, Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $140.92.

Insider Activity

In related 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 value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company's stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company's stock.

Vertiv Stock Performance

VRT stock traded down $0.32 on Friday, reaching $128.95. 5,203,529 shares of the company were exchanged, compared to its average volume of 6,461,631. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 12 month low of $48.22 and a 12 month high of $145.67. The stock's fifty day moving average price is $124.74 and its 200 day moving average price is $102.19. The firm has a market capitalization of $48.40 billion, a PE ratio of 85.97, a PEG ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business's revenue was up 19.0% compared to the same quarter last year. On average, research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. 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 presently 6.67%.

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.