Trifecta Capital Advisors LLC Makes New Investment in Vertiv Holdings Co. $VRT

Trifecta Capital Advisors LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT) during the 3rd quarter, HoldingsChannel reports. The firm purchased 22,290 shares of the company’s stock, valued at approximately $3,363,000.

Several other large investors have also modified their holdings of VRT. Norges Bank bought a new position in Vertiv during the 2nd quarter worth about $538,132,000. Winslow Capital Management LLC bought a new position in Vertiv during the second quarter worth $459,284,000. Nordea Investment Management AB boosted its holdings in shares of Vertiv by 100.1% during the second 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 during the period. SG Americas Securities LLC boosted its position in shares of Vertiv by 102.7% in the second quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock valued at $3,446,000 after acquiring an additional 1,026,837 shares during the period. Finally, Invesco Ltd. grew its position in 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. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 0.7%

VRT stock opened at $195.17 on Friday. The company’s 50 day moving average price is $172.67 and its two-hundred day moving average price is $158.47. 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 has a market capitalization of $74.62 billion, a PE ratio of 73.65, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were issued a $0.0625 dividend. 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 yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is currently 9.43%.

Insider Activity

In other 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 value 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 document filed with the SEC, which is available through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VRT has been the topic of several research analyst reports. KGI Securities raised Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Roth Mkm reiterated a “buy” rating and set a $195.00 target price (up previously from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Vertiv in a report on Thursday, January 15th. Mizuho increased their price objective on shares of Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Zacks Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $187.89.

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.