Vertiv Holdings Co (NYSE:VRT) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,084 shares of the company’s stock after selling 1,133 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Vertiv were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. APG Asset Management N.V. lifted its holdings in Vertiv by 72.0% in the second quarter. APG Asset Management N.V. now owns 79,114 shares of the company’s stock valued at $6,390,000 after acquiring an additional 33,114 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of 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 purchasing an additional 10,884 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Vertiv by 688.5% in the second quarter. Mackenzie Financial Corp now owns 255,286 shares of the company’s stock valued at $22,100,000 after purchasing an additional 222,909 shares during the period. Creative Planning boosted its holdings in Vertiv by 5.8% during the second quarter. Creative Planning now owns 36,277 shares of the company’s stock worth $3,140,000 after buying an additional 2,004 shares in the last quarter. Finally, Nemes Rush Group LLC grew its position in Vertiv by 170.8% during the second quarter. Nemes Rush Group LLC now owns 1,663 shares of the company’s stock worth $144,000 after buying an additional 1,049 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Insider Transactions at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred on 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 directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % 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 over the last quarter. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Performance

Shares of VRT opened at $102.72 on Tuesday. Vertiv Holdings Co has a 1 year low of $53.30 and a 1 year high of $155.84. The company’s 50 day simple moving average is $128.27 and its 200 day simple moving average is $105.53. The company has a market capitalization of $38.55 billion, a price-to-earnings ratio of 68.48, a PEG ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

The firm also recently declared 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. 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 is currently 6.67%.

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.