22,290 Shares in Vertiv Holdings Co. $VRT Purchased by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC bought a new position in Vertiv Holdings Co. (NYSE:VRT) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 22,290 shares of the company’s stock, valued at approximately $3,363,000.

A number of other institutional investors have also recently made changes to their positions in the business. Investors Asset Management of Georgia Inc. GA ADV grew its position in Vertiv by 1.9% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock valued at $456,000 after acquiring an additional 55 shares during the last quarter. JBR Co Financial Management Inc raised its stake in Vertiv by 0.8% in the third quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock valued at $1,180,000 after buying an additional 65 shares during the last quarter. Plancorp LLC lifted its stake in shares of Vertiv by 1.3% during the third quarter. Plancorp LLC now owns 5,317 shares of the company’s stock worth $802,000 after buying an additional 67 shares during the period. True Wealth Design LLC lifted its holdings in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Vertiv by 67.6% in the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the subject of a number of recent analyst reports. KGI Securities upgraded Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. Roth Mkm reiterated a “buy” rating and set a $195.00 price target (up from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. Wolfe Research cut shares of Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. Evercore ISI boosted their target price on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Citigroup lifted their target price on Vertiv from $198.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Vertiv Trading Up 0.7%

Shares of Vertiv stock opened at $195.17 on Friday. The business’s fifty day moving average is $172.67 and its two-hundred day moving average is $158.47. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45. The firm has a market cap of $74.62 billion, a PE ratio of 73.65, a P/E/G ratio of 1.19 and a beta of 2.06.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were given a dividend of $0.0625 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 9.43%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at $690,444. This trade represents a 57.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.63% of the stock is currently owned by insiders.

Vertiv Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.