Washburn Capital Management Inc. Acquires Stake in Vertiv Holdings Co

Washburn Capital Management Inc. has recently made a new investment in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter. In its latest report to the Securities and Exchange Commission (SEC), the institutional investor revealed that it purchased 2,820 shares of Vertiv, with a total value of approximately $320,000.

Recent Hedge Fund Activities

Several other institutional investors have also adjusted their positions in Vertiv. For instance, SOA Wealth Advisors LLC acquired a new stake valued at $26,000, while OLD Second National Bank of Aurora purchased shares valued at $30,000. Additionally, Krane Funds Advisors LLC made a new investment during the third quarter worth around $29,000. Global Trust Asset Management LLC similarly bought a stake during the same period for about $30,000. Notably, Mark Sheptoff Financial Planning LLC expanded its holdings in Vertiv by 200%, now owning 300 shares after adding 200 shares during that quarter. Presently, institutional investors and hedge funds collectively own around 89.92% of Vertiv’s outstanding shares.

Insider Trading Activities

In related news, insider Anand Sanghi sold 30,914 shares on November 22, at an average price of $141.46, amounting to a total of $4,373,094.44. Following this transaction, he holds 19,448 shares valued at approximately $2,751,114.08, which represents a significant decrease of 61.38% in his holdings. Moreover, Director Jakki L. Haussler sold 15,347 shares on November 20, at an average price of $137.38, totaling about $2,108,370.86. Post-sale, she retained 3,425 shares valued at around $470,526.50, indicating an 81.75% reduction in her stake. In the last three months, insiders have sold a combined total of 171,527 shares valued at $23,105,682, with insiders collectively owning 5.01% of Vertiv's stock.

Current Stock Performance

As of recent trading, Vertiv’s stock (NYSE:VRT) opened at $121.42, with a market capitalization of $45.57 billion. The company’s PE ratio stands at 80.95, while its PEG ratio is noted as 0.94, along with a beta of 1.64. Reviewing its liquidity ratios, Vertiv features a current ratio of 1.38 and a quick ratio of 1.02, paired with a debt-to-equity ratio of 1.60. The stock has fluctuated between a one-year low of $55.00 and a high of $155.84. Currently, the 50-day simple moving average rests at $124.39, and the 200-day simple moving average is at $107.10.

Dividend Announcement

Vertiv has declared a new quarterly dividend, which was issued on December 19, 20XX. Shareholders who were on record as of December 3 received a dividend of $0.0375, changing from the previous dividend amount of $0.03. This translates to an annual dividend of $0.15, equating to a yield of 0.12%. The payout ratio is currently at 6.67%.

Analyst Insights

Vertiv has recently caught the attention of several research analysts. Mizuho raised its price target from $125.00 to $145.00, rating the stock as “outperform.” Meanwhile, Barclays began coverage with an “equal weight” rating, giving a target price of $142.00. Morgan Stanley issued an “overweight” rating with a target of $150.00. Bank of America also increased its price target from $130.00 to $140.00 while maintaining a “buy” rating. Conversely, Melius changed its rating from “buy” to “hold,” placing a target price of $125.00 on the stock. In summary, four analysts have rated Vertiv's stock as a hold, while eleven provided a buy rating. According to aggregated data, Vertiv currently has a consensus rating of “Moderate Buy” with an average target price of $139.36.

About Vertiv

Vertiv Holdings Co specializes in the designing, manufacturing, and servicing of critical digital infrastructure technologies and lifecycle services tailored for data centers, communication networks, and various commercial and industrial settings across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

investment, stocks, dividend