DSG Capital Advisors LLC Buys New Stake in Vertiv Holdings Co. $VRT

DSG Capital Advisors LLC bought a new position in Vertiv Holdings Co. (NYSE:VRT) during the 3rd quarter, Holdings Channel reports. The fund bought 4,364 shares of the company’s stock, valued at approximately $658,000.

Other hedge funds also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Vertiv by 1.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock worth $456,000 after purchasing an additional 55 shares during the period. JBR Co Financial Management Inc grew its holdings in Vertiv by 0.8% in the 3rd 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 increased its position in Vertiv by 1.3% in the 3rd 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 buying an additional 68 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after buying an additional 69 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VRT shares. UBS Group raised their price objective on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Vertiv in a research note on Thursday, January 15th. Finally, Barclays upgraded Vertiv from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $181.00 to $200.00 in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $187.89.

Insider Activity

In related 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $189.12 on Wednesday. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. 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 stock has a market cap of $72.31 billion, a P/E ratio of 71.37, a PEG ratio of 1.11 and a beta of 2.06. The company’s 50-day simple moving average is $171.50 and its 200 day simple moving average is $157.96.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were paid a $0.0625 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is currently 9.43%.

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.