Vertiv Holdings Co. $VRT Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in Vertiv Holdings Co. (NYSE:VRT) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 219,439 shares of the company’s stock after acquiring an additional 21,415 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.06% of Vertiv worth $33,104,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. Empowered Funds LLC raised its position in shares of Vertiv by 25.9% in the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after purchasing an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Vertiv in the second quarter valued at $567,000. LexAurum Advisors LLC acquired a new stake in Vertiv in the second quarter valued at $374,000. Trivium Point Advisory LLC boosted its stake in Vertiv by 35.5% during the 2nd quarter. Trivium Point Advisory LLC now owns 7,628 shares of the company’s stock valued at $980,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new position in Vertiv during the 2nd quarter worth $338,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 2.3%

NYSE:VRT opened at $193.62 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average of $171.95 and a 200-day moving average of $158.21. The firm has a market capitalization of $74.03 billion, a PE ratio of 73.06, a price-to-earnings-growth ratio of 1.16 and a beta of 2.06. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $202.45.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were given a $0.0625 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Vertiv’s dividend payout ratio is 9.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Oppenheimer boosted their price objective on Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. reduced their target price on Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. TD Cowen reiterated a “buy” rating and issued a $211.00 target price on shares of Vertiv in a research report on Monday, December 1st. Finally, Wolfe Research lowered Vertiv from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at approximately $690,444. The trade was a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

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.