Register Financial Advisors LLC Invests $217,000 in Vertiv Holdings Co (NYSE:VRT)

Register Financial Advisors LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,910 shares of the company's stock, valued at approximately $217,000.

Several other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp increased its holdings in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after acquiring an additional 84 shares during the last quarter. Accurate Wealth Management LLC increased its position in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after buying an additional 87 shares during the period. ORG Partners LLC boosted its position in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company's stock valued at $46,000 after acquiring an additional 92 shares during the period. Allworth Financial LP grew its stake in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after acquiring an additional 100 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company's stock worth $1,305,000 after purchasing an additional 112 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 29.8 %

Vertiv stock traded down $43.60 during trading hours on Monday, reaching $102.72. The company had a trading volume of 46,998,007 shares, compared to its average volume of 9,121,400. The firm has a market cap of $38.55 billion, a price-to-earnings ratio of 68.48, a P/E/G 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. 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 50-day moving average price of $128.27 and a 200 day moving average price of $105.53.

Vertiv Increases Dividend

The company also recently announced 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 is a positive change from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Tuesday, December 3rd. Vertiv's dividend payout ratio is currently 6.67%.

Wall Street Analyst Weigh In

VRT has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target on the stock. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective for the company. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.75.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv 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. The trade was a 81.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 over the last ninety days. 5.01% of the stock is owned by insiders.

Vertiv 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.