Forsta AP Fonden Has $14.91 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Forsta AP Fonden cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 10.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 131,211 shares of the company’s stock after selling 14,500 shares during the quarter. Forsta AP Fonden’s holdings in Vertiv were worth $14,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of 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 purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after purchasing an additional 40,696 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated 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. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Vertiv Trading Up 3.9 %

Shares of Vertiv stock opened at $110.70 on Thursday. The firm has a 50-day moving average of $127.16 and a 200-day moving average of $105.72. The stock has a market cap of $41.55 billion, a PE ratio of 73.80, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84. 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 firm 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 represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is presently 6.67%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Oppenheimer boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

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.