Envestnet Asset Management Inc. Cuts Position in Vertiv Holdings Co. $VRT

Envestnet Asset Management Inc. decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,208 shares of the company’s stock after selling 50,317 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Vertiv were worth $59,621,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC raised its position in shares of Vertiv by 42.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 22,894 shares of the company’s stock valued at $3,454,000 after buying an additional 6,788 shares in the last quarter. Alta Capital Management LLC boosted its holdings in shares of Vertiv by 15.8% in the 3rd quarter. Alta Capital Management LLC now owns 2,942 shares of the company’s stock worth $444,000 after purchasing an additional 401 shares during the period. Veltria Advisors Corp. purchased a new stake in Vertiv during the 3rd quarter valued at $207,000. Cornerstone Planning Group LLC increased its position in Vertiv by 537.3% during the third quarter. Cornerstone Planning Group LLC now owns 427 shares of the company’s stock valued at $64,000 after acquiring an additional 360 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Vertiv by 250.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 263 shares of the company’s stock worth $40,000 after purchasing an additional 188 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of Vertiv 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 sale, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. The trade was a 57.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.01% of the stock is owned by insiders.

Vertiv Trading Up 3.6%

Shares of Vertiv stock opened at $202.56 on Tuesday. The stock has a market cap of $77.45 billion, a PE ratio of 76.44, a price-to-earnings-growth ratio of 1.20 and a beta of 2.08. The firm has a fifty day moving average price of $175.10 and a 200 day moving average price of $161.93. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $208.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is presently 9.43%.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of recent analyst reports. Mizuho increased their target price on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Barclays raised Vertiv from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $181.00 to $200.00 in a research report on Friday, January 2nd. The Goldman Sachs Group increased their target price on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings lowered shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 29th. Finally, TD Cowen reiterated a “buy” rating and issued a $211.00 price target on shares of Vertiv in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.89.

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.