Impact Partnership Wealth LLC Makes New $1.02 Million Investment in Vertiv Holdings Co. $VRT

Impact Partnership Wealth LLC bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 6,750 shares of the company’s stock, valued at approximately $1,018,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Vertiv by 0.8% in the second quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock valued at $4,880,447,000 after purchasing an additional 291,596 shares in the last quarter. State Street Corp lifted its holdings in shares of Vertiv by 5.7% during the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock valued at $1,061,930,000 after buying an additional 442,937 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vertiv by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock valued at $856,082,000 after buying an additional 219,970 shares in the last quarter. Invesco Ltd. increased its holdings in Vertiv by 20.9% in the second quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after buying an additional 1,024,634 shares during the last quarter. Finally, Norges Bank acquired a new stake in Vertiv in the second quarter valued at approximately $538,132,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VRT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Vertiv in a research note on Monday, December 22nd. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Morgan Stanley raised their price objective on Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Vertiv in a research report on Thursday, January 15th. Finally, Barclays raised shares of Vertiv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $181.00 to $200.00 in a research report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv Price Performance

Shares of Vertiv stock opened at $195.17 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The company has a market cap of $74.62 billion, a PE ratio of 73.65, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The firm has a fifty day moving average price of $172.67 and a two-hundred day moving average price of $158.47. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were paid a dividend of $0.0625 per share. This is a positive change 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 was Tuesday, November 25th. Vertiv’s dividend payout ratio is presently 9.43%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. This trade represents a 57.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.63% of the company’s stock.

About Vertiv

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.