Verde Servicos Internacionais S.A. Grows Stock Position in Vertiv Holdings Co (NYSE:VRT)

Verde Servicos Internacionais S.A. boosted its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,446 shares of the company's stock after buying an additional 19,483 shares during the period. Vertiv makes up approximately 3.7% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 14th biggest position. Verde Servicos Internacionais S.A.'s holdings in Vertiv were worth $8,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. APG Asset Management N.V. raised its holdings in Vertiv by 72.0% in the 2nd quarter. APG Asset Management N.V. now owns 79,114 shares of the company's stock valued at $6,390,000 after buying an additional 33,114 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Vertiv by 55.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company's stock valued at $2,642,000 after buying an additional 10,884 shares during the period. Mackenzie Financial Corp raised its holdings in Vertiv by 688.5% in the 2nd quarter. Mackenzie Financial Corp now owns 255,286 shares of the company's stock valued at $22,100,000 after buying an additional 222,909 shares during the period. Creative Planning grew its position in Vertiv by 5.8% in the 2nd quarter. Creative Planning now owns 36,277 shares of the company's stock valued at $3,140,000 after acquiring an additional 2,004 shares in the last quarter. Finally, Nemes Rush Group LLC grew its position in Vertiv by 170.8% in the 2nd quarter. Nemes Rush Group LLC now owns 1,663 shares of the company's stock valued at $144,000 after acquiring an additional 1,049 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 3.4 %

VRT traded up $3.54 on Tuesday, reaching $106.14. The company's stock had a trading volume of 20,515,753 shares, compared to its average volume of 9,772,990. The stock has a 50 day moving average of $127.86 and a two-hundred day moving average of $105.60. 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 company has a market capitalization of $39.84 billion, a price-to-earnings ratio of 70.74, a P/E/G ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a fifty-two week low of $53.30 and a fifty-two week high of $155.84.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. 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 dividend payout ratio is 6.67%.

Insider Activity at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company's stock, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last three months. 5.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays assumed coverage on Vertiv in a research report on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 target price for the company. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.36.

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.