Savant Capital LLC trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 89.6% in the fourth quarter, HoldingsChannel reports. The fund owned 3,610 shares of the company’s stock after selling 31,037 shares during the period. Savant Capital LLC’s holdings in Vertiv were worth $585,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Vertiv in the 4th quarter worth approximately $29,000. Park Place Capital Corp lifted its holdings in shares of Vertiv by 624.0% in the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after acquiring an additional 156 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Vertiv by 98.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $30,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in Vertiv during the 3rd quarter valued at $31,000. 89.92% of the stock is currently owned by institutional investors.
Vertiv Stock Down 0.7%
Shares of NYSE VRT opened at $332.11 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 12 month low of $107.38 and a 12 month high of $379.93. The firm has a market capitalization of $127.57 billion, a PE ratio of 83.44, a price-to-earnings-growth ratio of 1.45 and a beta of 2.03. The firm has a fifty day simple moving average of $310.09 and a two-hundred day simple moving average of $238.36.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analyst Weigh In
A number of research firms recently commented on VRT. Oppenheimer upped their price target on shares of Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Bank of America upped their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup upped their price target on shares of Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Mizuho set a $380.00 price target on shares of Vertiv in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $322.32.
Get Our Latest Stock Report on Vertiv
Insider Activity
In related news, Director Edward L. Monser sold 77,294 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $245.49, for a total value of $18,974,904.06. Following the completion of the transaction, the director directly owned 16,500 shares in the company, valued at $4,050,585. This trade represents a 82.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.
Vertiv Company Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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