Vertiv Holdings Co. $VRT Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC lowered its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 25.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,364 shares of the company’s stock after selling 21,555 shares during the period. Vertiv accounts for approximately 3.9% of Jackson Square Partners LLC’s portfolio, making the stock its 7th biggest holding. Jackson Square Partners LLC’s holdings in Vertiv were worth $9,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VRT. Norges Bank acquired a new stake in Vertiv during the second quarter worth approximately $538,132,000. Winslow Capital Management LLC acquired a new stake in shares of Vertiv during the second quarter worth $459,284,000. Nordea Investment Management AB grew its position in shares of Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after purchasing an additional 1,624,456 shares during the period. SG Americas Securities LLC grew its position in shares of Vertiv by 102.7% in the second quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock valued at $3,446,000 after purchasing an additional 1,026,837 shares during the period. Finally, Invesco Ltd. increased its stake in Vertiv by 20.9% in the second quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock valued at $761,662,000 after purchasing an additional 1,024,634 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on VRT shares. The Goldman Sachs Group increased their price objective on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. UBS Group lifted their price target on shares of Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. dropped their price objective on Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Oppenheimer lifted their target price on Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Evercore boosted their price target on Vertiv from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $187.89.

Vertiv Stock Performance

Shares of VRT stock opened at $195.61 on Friday. 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 company has a market cap of $74.79 billion, a PE ratio of 73.82, a P/E/G ratio of 1.20 and a beta of 2.08. The company’s fifty day simple moving average is $174.64 and its 200-day simple moving average is $161.21. 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 disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.0625 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. Vertiv’s payout ratio is presently 9.43%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is 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.