Washburn Capital Management Inc. Acquires Stake in Vertiv Holdings Co

Washburn Capital Management Inc. has recently made a significant move in the stock market by acquiring a new stake in Vertiv Holdings Co (NYSE:VRT). In its latest filing with the Securities and Exchange Commission (SEC), the firm disclosed that it purchased 2,820 shares of Vertiv's stock during the fourth quarter. This acquisition is valued at approximately $320,000.

Details of Institutional Investments

Other institutional investors have also been active in modifying their holdings of Vertiv. For instance, SOA Wealth Advisors LLC acquired a new stake in the company during the same quarter, valued at $26,000. Similarly, OLD Second National Bank of Aurora made a new investment in Vertiv, valued at $30,000. In addition, Krane Funds Advisors LLC secured a new position during the third quarter worth about $29,000. Global Trust Asset Management LLC also bought into Vertiv in the prior quarter, investing approximately $30,000. Contributing further to institutional investments, Mark Sheptoff Financial Planning LLC increased its holdings by an impressive 200% during the third quarter, now owning 300 shares worth around $30,000. Overall, institutional investors and hedge funds control 89.92% of Vertiv's stock, indicating a substantial institutional interest.

Insider Transactions

Recent insider trading activity has shown significant selling of shares at Vertiv. On November 22, Anand Sanghi, an insider at the company, sold 30,914 shares at an average price of $141.46, totaling approximately $4.37 million. Following this transaction, he retains 19,448 shares, valued at about $2.75 million—this reflects a 61.38% reduction in his shareholdings. The details of this trade were disclosed to the SEC. Another notable sale was conducted by Director Jakki L. Haussler, who sold 15,347 shares at an average price of $137.38, resulting in about $2.11 million from the sale and a significant decrease in her ownership to 3,425 shares valued at approximately $470,526. In the last 90 days, insiders collectively sold 171,527 shares valued at around $23.1 million, with insiders holding 5.01% of the company's stock.

Current Stock Performance

As of the latest market data, Vertiv's stock price opened at $121.42. The company has a market capitalization of $45.57 billion, a PE ratio of 80.95, and a PEG ratio of 0.94. The stock has experienced a low of $55.00 and a high of $155.84 within the past year. Its fifty-day and two-hundred-day simple moving averages are $124.39 and $107.10, respectively.

Dividend Announcement

Vertiv has also announced a recent increase in its quarterly dividend. On December 19, the firm paid a dividend of $0.0375 to shareholders on record as of December 3. This is an increase from its previous dividend of $0.03, translating to an annualized dividend of $0.15 and a yield of 0.12%. The current payout ratio stands at 6.67%—a positive sign for current and potential investors.

Analyst Insights

Analysts have expressed a positive sentiment regarding Vertiv's stock. For example, Mizuho recently raised its price target for Vertiv from $125.00 to $145.00 while maintaining an "outperform" rating. In another instance, Barclays initiated coverage of Vertiv with an "equal weight" rating and a price target of $142.00. Morgan Stanley also began covering Vertiv, giving it an "overweight" rating and revising its price target to $150.00. Analysts at Bank of America increased their target for the stock from $130.00 to $140.00 and provided a "buy" rating. In a more conservative outlook, Melius downgraded Vertiv from a "buy" to a "hold" with a target price of $125.00. Overall, the consensus among analysts gives Vertiv a rating of "Moderate Buy" with an average target price of $139.36.

About Vertiv Holdings Co

Vertiv Holdings Co provides essential digital infrastructure technologies, along with lifecycle services for various environments such as data centers and communication networks. The company operates across multiple regions including the Americas, Asia-Pacific, Europe, the Middle East, and Africa.

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