Vertiv Holdings Co (NYSE:VRT) Shares Bought by KBC Group NV

KBC Group NV grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 88.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 145,122 shares of the company’s stock after purchasing an additional 68,190 shares during the period. KBC Group NV’s holdings in Vertiv were worth $16,487,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the 2nd quarter worth about $26,000. Krane Funds Advisors LLC acquired a new position in shares of Vertiv during the third quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the third quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC lifted its position in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new position in Vertiv during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

VRT opened at $106.14 on Wednesday. Vertiv Holdings Co has a 12-month low of $53.30 and a 12-month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $39.84 billion, a P/E ratio of 70.76, a PEG ratio of 1.16 and a beta of 1.63. The stock has a fifty day moving average of $127.86 and a 200-day moving average of $105.60.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv’s payout ratio is 6.67%.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were 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 approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’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 transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VRT. Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday. Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday. Finally, TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.