Bensler LLC Takes Position in Vertiv Holdings Co. $VRT

Bensler LLC acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,488 shares of the company’s stock, valued at approximately $2,940,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Vertiv by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock worth $4,880,447,000 after purchasing an additional 291,596 shares in the last quarter. State Street Corp boosted its stake in shares of Vertiv by 5.7% during the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock worth $1,061,930,000 after purchasing an additional 442,937 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Vertiv by 3.4% during the second quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock worth $856,082,000 after buying an additional 219,970 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vertiv by 20.9% during the second quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after buying an additional 1,024,634 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Vertiv in the second quarter valued at approximately $538,132,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 0.9%

NYSE VRT opened at $180.89 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The company’s 50 day moving average price is $171.03 and its 200 day moving average price is $157.50. The firm has a market capitalization of $69.16 billion, a price-to-earnings ratio of 68.26, a PEG ratio of 1.12 and a beta of 2.06.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio (DPR) is presently 9.43%.

Insiders Place Their Bets

In related 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 completion of the sale, the executive vice president directly owned 4,050 shares in the company, valued at approximately $690,444. This represents a 57.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 note on Monday, October 20th. Barclays upgraded Vertiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $181.00 to $200.00 in a report on Friday, January 2nd. TD Cowen reiterated a “buy” rating and issued a $211.00 target price on shares of Vertiv in a research note on Monday, December 1st. KGI Securities upgraded Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Vertiv in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have given 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 a consensus target price of $187.89.

About Vertiv

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.