Vertiv Holdings Co (NYSE:VRT) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC reduced its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 43.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,809 shares of the company's stock after selling 5,225 shares during the quarter. SteelPeak Wealth LLC's holdings in Vertiv were worth $774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP raised its stake in shares of Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company's stock valued at $185,492,000 after buying an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Vertiv in the third quarter valued at approximately $110,517,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Vertiv in the 3rd quarter valued at $93,481,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT traded up $4.15 during trading on Thursday, reaching $114.61. The company's stock had a trading volume of 13,330,635 shares, compared to its average volume of 10,575,500. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a fifty day simple moving average of $126.63 and a two-hundred day simple moving average of $105.75. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 76.41, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 1 year low of $55.00 and a 1 year high of $155.84.

Vertiv Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is 6.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup raised their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective on the stock. The Goldman Sachs Group increased their target price on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday. Finally, Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $139.36.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now directly owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 in the last three months. 5.01% of the stock is owned by corporate insiders.

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.