Guardian Asset Advisors LLC Has $1.23 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Guardian Asset Advisors LLC raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,783 shares of the company’s stock after purchasing an additional 1,719 shares during the quarter. Guardian Asset Advisors LLC’s holdings in Vertiv were worth $1,225,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Jennison Associates LLC grew its holdings in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. State Street Corp boosted its position in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after buying an additional 308,704 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after acquiring an additional 40,696 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. 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. TD Cowen boosted 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. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $139.36.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is currently owned by company insiders.

Vertiv Price Performance

VRT stock opened at $111.34 on Thursday. 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 cap of $41.79 billion, a price-to-earnings ratio of 74.23, a PEG ratio of 0.94 and a beta of 1.64. The company’s fifty day simple moving average is $123.88 and its 200 day simple moving average is $108.11. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same period in the prior year, the business posted $0.56 EPS. On average, analysts expect that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

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.