DSG Capital Advisors LLC Purchases Shares of 4,364 Vertiv Holdings Co. $VRT

DSG Capital Advisors LLC acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,364 shares of the company’s stock, valued at approximately $658,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Abundance Wealth Counselors raised its stake in Vertiv by 313.7% during the 3rd 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 during the period. Union Bancaire Privee UBP SA grew its holdings in shares of Vertiv by 35.5% during the third quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock valued at $41,126,000 after buying an additional 71,361 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in Vertiv by 5.5% during the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock valued at $21,588,000 after buying an additional 7,400 shares during the period. Nordea Investment Management AB lifted its stake in Vertiv by 100.1% in the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after acquiring an additional 1,624,456 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Vertiv by 134.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 291,036 shares of the company’s stock worth $37,372,000 after acquiring an additional 167,152 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Up 4.4%

Vertiv stock opened at $189.12 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $202.45. The firm’s fifty day simple moving average is $171.50 and its 200-day simple moving average is $157.96. The company has a market capitalization of $72.31 billion, a P/E ratio of 71.37, a P/E/G ratio of 1.11 and a beta of 2.06.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at approximately $690,444. This represents a 57.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VRT. KGI Securities upgraded Vertiv from a “hold” rating to an “outperform” rating in a report on Thursday, October 23rd. The Goldman Sachs Group upped their price objective on shares of Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $216.00 target price on shares of Vertiv and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Oppenheimer boosted their price target on shares of Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Roth Mkm reiterated 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 equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.