Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 24.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,008 shares of the company’s stock after acquiring an additional 3,945 shares during the quarter. Vertiv makes up approximately 0.7% of Mezzasalma Advisors LLC’s portfolio, making the stock its 28th biggest holding. Mezzasalma Advisors LLC’s holdings in Vertiv were worth $2,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Vertiv by 102.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after purchasing an additional 962 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vertiv during the third quarter worth $436,000. CWM LLC grew its stake in Vertiv by 27.6% during the 3rd quarter. CWM LLC now owns 18,891 shares of the company’s stock valued at $1,879,000 after acquiring an additional 4,081 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Vertiv by 91.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,402 shares of the company’s stock valued at $139,000 after acquiring an additional 668 shares during the last quarter. Finally, Boston Common Asset Management LLC lifted its stake in Vertiv by 6.7% in the 3rd quarter. Boston Common Asset Management LLC now owns 222,747 shares of the company’s stock worth $22,161,000 after purchasing an additional 13,909 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company’s stock.

Vertiv Trading Up 1.6 %

NYSE VRT opened at $121.42 on Friday. The company has a market capitalization of $45.57 billion, a price-to-earnings ratio of 80.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The company’s fifty day moving average price is $124.52 and its two-hundred day moving average price is $106.87. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is 6.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VRT shares. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.