Bensler LLC Makes New $2.94 Million Investment in Vertiv Holdings Co. $VRT

Bensler LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,488 shares of the company’s stock, valued at approximately $2,940,000.

A number of other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. grew its holdings in Vertiv by 1,560.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Promus Capital LLC purchased a new position in Vertiv in the 2nd quarter valued at about $26,000. Pacer Advisors Inc. grew its stake in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Avion Wealth increased its position in shares of Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Vertiv by 54.0% in the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of NYSE VRT opened at $180.89 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is $171.03 and its two-hundred day moving average price is $157.50. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $202.45. The stock has a market capitalization of $69.16 billion, a P/E ratio of 68.26, a P/E/G ratio of 1.12 and a beta of 2.06.

Vertiv Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is presently 9.43%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president directly owned 4,050 shares of the company’s stock, valued at $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on VRT. Barclays upgraded Vertiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $181.00 to $200.00 in a research note on Friday, January 2nd. TD Cowen reissued a “buy” rating and set a $211.00 price target on shares of Vertiv in a research report on Monday, December 1st. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a report on Thursday, October 23rd. Citigroup increased their price objective on shares of Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Roth Mkm reissued a “buy” rating and set a $195.00 price objective (up from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

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.