Chicago Partners Investment Group LLC grew its position in Vertiv Holdings Co (NYSE:VRT – Free Report) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,437 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Vertiv were worth $504,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in VRT. Krane Funds Advisors LLC purchased a new position in Vertiv in the 3rd quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group purchased a new position in Vertiv in the 3rd quarter worth about $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Stock Down 3.7 %
VRT stock opened at $112.69 on Tuesday. The firm has a 50 day moving average of $125.62 and a 200 day moving average of $106.30. The stock has a market capitalization of $42.30 billion, a PE ratio of 75.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.63. 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 Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84.
Vertiv Increases Dividend
Insider Buying and Selling
In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, 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 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 Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 in the last three months. Corporate insiders own 5.01% of the company’s stock.
Wall Street Analyst Weigh In
VRT has been the topic of several recent analyst reports. Barclays initiated coverage on shares of Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.
Read Our Latest Stock Report on Vertiv
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.
Featured Articles
- Five stocks we like better than Vertiv
- Investing in Commodities: What Are They? How to Invest in Them
- How to Invest in Small Cap Stocks
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- These Are the Dividend Stocks Insiders Bought in January
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- How the ‘No Buy’ Trend of 2025 Is Boosting These 3 Stocks
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.