Alta Wealth Advisors LLC Invests $452,000 in Vertiv Holdings Co. $VRT

Alta Wealth Advisors LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,998 shares of the company’s stock, valued at approximately $452,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. Financial Management Professionals Inc. raised its position in Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 156 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Vertiv by 67.6% during the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after purchasing an additional 69 shares during the period. True Wealth Design LLC increased its holdings in shares of Vertiv by 54.0% during the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $30,000. Finally, Promus Capital LLC purchased a new stake in Vertiv during the second quarter worth $26,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 0.9%

VRT opened at $180.89 on Tuesday. The stock has a market capitalization of $69.16 billion, a PE ratio of 68.26, a P/E/G ratio of 1.12 and a beta of 2.06. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The business’s 50 day moving average price is $171.03 and its 200 day moving average price is $157.50.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio (DPR) is presently 9.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VRT shares. Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 9th. Barclays raised Vertiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $181.00 to $200.00 in a research note on Friday, January 2nd. Citigroup lifted their price target on shares of Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Morgan Stanley boosted their price target on shares of Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, Roth Mkm restated a “buy” rating and set a $195.00 price objective (up from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $187.89.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

Vertiv Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.