Perigon Wealth Management LLC Buys 1,619 Shares of Vertiv Holdings Co (NYSE:VRT)

Perigon Wealth Management LLC boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,166 shares of the company’s stock after acquiring an additional 1,619 shares during the quarter. Perigon Wealth Management LLC’s holdings in Vertiv were worth $2,632,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC bought a new stake in Vertiv during the 2nd quarter worth about $26,000. Krane Funds Advisors LLC bought a new stake in Vertiv during the 3rd quarter worth about $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Vertiv during the 3rd quarter worth about $30,000. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade 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 is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last 90 days. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Up 3.9 %

VRT stock opened at $110.70 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $41.55 billion, a price-to-earnings ratio of 73.80, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The stock has a fifty day moving average of $127.16 and a 200-day moving average of $105.72.

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 $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Analysts Set New Price Targets

A number of brokerages have commented on VRT. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays assumed coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Finally, TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.36.

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.