Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $74,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Vertiv Holdings Co (NYSE:VRT) by 116.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 650 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Vertiv were worth $74,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its position in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the last quarter. Accurate Wealth Management LLC grew its stake in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. Allworth Financial LP lifted its position in shares of Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after purchasing an additional 112 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Transactions at Vertiv

In related news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, 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. Over 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. 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 currently has an average rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Stock Performance

Shares of VRT stock opened at $121.42 on Monday. Vertiv Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84. 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. The company has a 50-day simple moving average of $124.39 and a 200 day simple 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.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is an increase 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 presently 6.67%.

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.