Swedbank AB Reduces Holdings in Vertiv Holdings Co (NYSE:VRT)

Swedbank AB lowered its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 684,349 shares of the company's stock after selling 146,647 shares during the quarter. Swedbank AB owned 0.18% of Vertiv worth $77,749,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Vertiv by 3.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 586,562 shares of the company's stock worth $66,639,000 after purchasing an additional 21,108 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in Vertiv by 12.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 76,145 shares of the company's stock valued at $8,651,000 after acquiring an additional 8,445 shares during the period. R Squared Ltd bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $57,000. Wealth Effects LLC raised its position in shares of Vertiv by 6.0% during the fourth quarter. Wealth Effects LLC now owns 7,050 shares of the company's stock worth $801,000 after purchasing an additional 400 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Vertiv by 7.5% in the 4th quarter. Perigon Wealth Management LLC now owns 23,166 shares of the company's stock worth $2,632,000 after purchasing an additional 1,619 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on VRT shares. TD Cowen upped their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.36.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction on 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 in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was 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 worth $23,105,682 in the last ninety days. 5.01% of the stock is currently owned by insiders.

Vertiv Price Performance

NYSE:VRT traded up $1.24 during trading hours on Thursday, hitting $111.70. The stock had a trading volume of 7,722,345 shares, compared to its average volume of 10,259,228. The firm has a market capitalization of $41.92 billion, a price-to-earnings ratio of 74.47, a P/E/G ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The company has a 50 day simple moving average of $126.63 and a two-hundred day simple moving average of $105.75. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. This is a boost 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%.

About Vertiv

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.