Vaughan Nelson Investment Management L.P. Sells 18,430 Shares of Vertiv Holdings Co (NYSE:VRT)

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,575 shares of the company’s stock after selling 18,430 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Vertiv were worth $10,176,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter worth approximately $26,000. Krane Funds Advisors LLC acquired a new position in shares of Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC grew its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Vertiv during the 3rd quarter valued at $30,000. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

NYSE VRT opened at $121.42 on Monday. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The stock has a 50-day moving average of $124.39 and a 200 day moving average of $107.21. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $45.57 billion, a price-to-earnings ratio of 80.95, a PEG ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is currently 6.67%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Oppenheimer raised their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. TD Cowen upped their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays began coverage on Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective on the stock. Finally, Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is currently owned by insiders.

About Vertiv

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.