PFG Investments LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

PFG Investments LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,432 shares of the company's stock, valued at approximately $617,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the second quarter worth about $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in Vertiv in the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth $30,000. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 1.1 %

Shares of NYSE:VRT traded up $1.23 during midday trading on Thursday, hitting $111.69. 7,305,403 shares of the stock traded hands, compared to its average volume of 10,238,995. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $41.92 billion, a PE ratio of 74.53, a P/E/G ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The business's 50 day moving average is $126.63 and its two-hundred day moving average is $105.75.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a positive change from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is currently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last quarter. 5.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on VRT. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Barclays started coverage on shares of Vertiv in a research note on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 target price on the stock. Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.36.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.