FSA Advisors Inc. Has $412,000 Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• FSA Advisors Inc. significantly increased its stake in Vertiv Holdings Co. by 175.4% in the first quarter, now holding shares worth $412,000.
• Insider activity shows a notable selling trend, with EVP Stephen Liang selling 43,683 shares for over $5 million, indicating a substantial decrease in ownership.
• Vertiv recently announced an increase in dividend to $0.0375 per share, reflecting a positive change in their dividend payout strategy.

FSA Advisors Inc. lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 175.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,711 shares of the company's stock after purchasing an additional 3,637 shares during the quarter. FSA Advisors Inc.'s holdings in Vertiv were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VRT. GW&K Investment Management LLC bought a new position in Vertiv in the first quarter valued at approximately $26,000. North Star Investment Management Corp. grew its stake in Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Sachetta LLC boosted its stake in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the period. Colonial Trust Co SC boosted its stake in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of Vertiv during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

Vertiv Trading Up 3.8%

Shares of VRT stock opened at $142.74 on Tuesday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $119.32 and a 200-day moving average of $104.08. The stock has a market cap of $54.40 billion, a price-to-earnings ratio of 82.99, a PEG ratio of 1.37 and a beta of 1.75.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio is presently 8.72%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VRT. Morgan Stanley reduced their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. UBS Group restated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $136.76.

About Vertiv

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.

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