Fidelis Capital Partners LLC Makes New $1.12 Million Investment in Vertiv Holdings Co. $VRT

Fidelis Capital Partners LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,412 shares of the company’s stock, valued at approximately $1,118,000.

Other large investors also recently modified their holdings of the company. Abundance Wealth Counselors increased its stake in Vertiv by 313.7% in the third quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock valued at $1,533,000 after purchasing an additional 7,708 shares in the last quarter. Union Bancaire Privee UBP SA raised its stake in Vertiv by 35.5% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock worth $41,126,000 after buying an additional 71,361 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in Vertiv by 5.5% in the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock worth $21,588,000 after acquiring an additional 7,400 shares in the last quarter. Nordea Investment Management AB grew its stake in Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after acquiring an additional 1,624,456 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Vertiv by 134.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 291,036 shares of the company’s stock valued at $37,372,000 after acquiring an additional 167,152 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Cowen reiterated a “buy” rating and issued a $211.00 target price on shares of Vertiv in a report on Monday, December 1st. Morgan Stanley upped their target price on shares of Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 price target on shares of Vertiv in a report on Thursday, January 15th. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI lifted their target price on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Trading Up 0.7%

Shares of VRT stock opened at $195.17 on Friday. 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 has a market cap of $74.62 billion, a P/E ratio of 73.65, a PEG ratio of 1.19 and a beta of 2.06. The company has a 50 day moving average of $172.67 and a 200-day moving average of $158.47. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other 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 transaction of $937,810.48. Following the completion of the transaction, the executive vice president owned 4,050 shares in the company, valued at approximately $690,444. This represents a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Vertiv Company 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.