E Fund Management Hong Kong Co. Ltd. Invests $67,000 in Vertiv Holdings Co (NYSE:VRT)

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, Holdings Channel reports. The firm bought 586 shares of the company’s stock, valued at approximately $67,000.

Several other large investors also recently made changes to their positions in VRT. Jennison Associates LLC boosted its holdings in 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 acquiring an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP boosted its holdings in 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 acquiring an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP lifted its stake in Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC acquired a new position in Vertiv in the third quarter valued at about $110,517,000. Finally, Blue Whale Capital LLP acquired a new stake in shares of Vertiv during the third quarter worth about $93,481,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Barclays assumed coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price on the stock. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Stock Performance

Shares of NYSE VRT opened at $146.03 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12 month low of $52.40 and a 12 month high of $155.84. The stock has a 50 day moving average of $128.27 and a 200-day moving average of $105.45. The company has a market capitalization of $54.81 billion, a P/E ratio of 97.35, a P/E/G ratio of 1.16 and a beta of 1.63.

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 paid a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction 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 owns 19,448 shares of the company’s stock, valued at $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. In the last three months, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

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.