Regents Gate Capital LLP Buys New Shares in Vertiv Holdings Co (NYSE:VRT)

Regents Gate Capital LLP purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 19,626 shares of the company’s stock, valued at approximately $2,230,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $436,000. CWM LLC grew its stake in Vertiv by 27.6% in the third 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 during the period. Carnegie Investment Counsel increased its holdings in shares of Vertiv by 81.9% during the third quarter. Carnegie Investment Counsel now owns 6,348 shares of the company’s stock valued at $632,000 after acquiring an additional 2,859 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Vertiv during the third quarter worth approximately $264,000. Finally, JBR Co Financial Management Inc lifted its holdings in shares of Vertiv by 71.2% in the 3rd quarter. JBR Co Financial Management Inc now owns 4,961 shares of the company’s stock worth $494,000 after purchasing an additional 2,064 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VRT shares. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Performance

NYSE VRT opened at $121.42 on Monday. The company’s 50 day moving average is $124.39 and its 200-day moving average is $107.21. The firm has a market cap of $45.57 billion, a P/E ratio of 80.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a 12-month low of $55.00 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.

Vertiv Increases Dividend

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

Insider Transactions at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of the 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 owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % 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 over the last three months. Company insiders own 5.01% of the company’s stock.

Vertiv Company 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.