Washburn Capital Management Acquires 2,820 Shares in Vertiv Holdings Co

Washburn Capital Management Inc. has announced a new investment in Vertiv Holdings Co (NYSE:VRT), according to its recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,820 shares, a purchase valued at approximately $320,000, during the fourth quarter.

• Vertiv’s Innovative Technology Drives Interest in Stock

In addition to Washburn, several other institutional investors have adjusted their positions in Vertiv. For example, SOA Wealth Advisors LLC entered the market with a new stake worth $26,000 in the fourth quarter. Similarly, OLD Second National Bank of Aurora acquired a new position in Vertiv, valuing it at $30,000, while Krane Funds Advisors LLC made a third-quarter purchase estimated at $29,000. Global Trust Asset Management LLC also entered the fray with a new stake in the same quarter worth around $30,000. Mark Sheptoff Financial Planning LLC expanded its holdings by 200.0% during the third quarter and now owns 300 shares valued at approximately $30,000 after adding 200 shares.

Recent Insider Trading Activity

In terms of insider trading news, Anand Sanghi, an insider at Vertiv, recently sold 30,914 shares on November 22nd at an average price of $141.46, resulting in total proceeds of approximately $4.37 million. Post-transaction, he retains 19,448 shares, valued near $2.75 million, marking a 61.38% drop in his overall shareholding. The sale was officially recorded in an SEC filing. Additionally, Director Jakki L. Haussler sold 15,347 shares on November 20th for an average price of $137.38, amounting to nearly $2.11 million in total. After this sale, Haussler owns 3,425 shares, worth about $470,526, reflecting an 81.75% decrease in their share volume. Over the past 90 days, insiders have sold 171,527 shares totaling approximately $23.1 million. Insiders currently hold 5.01% of the company’s stock.

Overview of Vertiv Stock Performance

• MarketBeat Review - Week Overview

On Friday, NYSE:VRT opened at $121.42. The company has a market capitalization of $45.57 billion and a price-to-earnings (PE) ratio of 80.95. Its PEG ratio sits at 0.94, while the beta is noted at 1.64. Vertiv’s financials reveal a current ratio of 1.38, a quick ratio of 1.02, and a debt-to-equity ratio of 1.60. The stock has seen a 52-week low of $55.00 and a high of $155.84, with the 50-day and 200-day simple moving averages being $124.39 and $107.10, respectively.

Dividend Announcement

Vertiv recently reported a quarterly dividend that was distributed on December 19th, with shareholders of record on December 3rd receiving a dividend of $0.0375. This marked an increase from the previous quarterly dividend of $0.03. Over the course of a year, this translates to a dividend of $0.15, yielding approximately 0.12%. Vertiv’s payout ratio currently stands at 6.67%.

Analyst Perspectives on Vertiv

• Emerging AI Stock Vertiv Experiences Significant Growth

The stock has attracted attention from various research analysts. Mizuho raised its price target for Vertiv shares from $125.00 to $145.00, assigning an “outperform” rating in its report dated November 19th. On December 12th, Barclays initiated coverage, setting an “equal weight” rating with a target price of $142.00. Meanwhile, Morgan Stanley assigned an “overweight” rating with a target of $150.00 on January 6th. Bank of America also raised its price target for Vertiv from $130.00 to $140.00, issuing a “buy” rating in its October 24th report. However, Melius adjusted its rating from “buy” to “hold” while setting a target price of $125.00 on January 28th. In summary, four analysts have classified the stock as a hold, while eleven have given it a buy rating, leading to a consensus rating of “Moderate Buy” with an average target price set at $139.36.

Further Insights on Vertiv

About Vertiv Holdings Co

Vertiv Holdings Co, along with its subsidiaries, specializes in designing, manufacturing, and servicing essential digital infrastructure technologies and lifecycle services for data centers, communication networks, and commercial and industrial environments across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

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