Traynor Capital Management Inc. Invests $8.52 Million in Vertiv Holdings Co. $VRT

Traynor Capital Management Inc. acquired a new stake in Vertiv Holdings Co. (NYSE:VRT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,498 shares of the company’s stock, valued at approximately $8,523,000.

Several other institutional investors and hedge funds also recently modified their holdings of VRT. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Vertiv by 1.9% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock valued at $456,000 after buying an additional 55 shares in the last quarter. JBR Co Financial Management Inc lifted its holdings in shares of Vertiv by 0.8% during the 3rd quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock valued at $1,180,000 after acquiring an additional 65 shares in the last quarter. Plancorp LLC boosted its position in Vertiv by 1.3% during the 3rd quarter. Plancorp LLC now owns 5,317 shares of the company’s stock worth $802,000 after purchasing an additional 67 shares during the period. True Wealth Design LLC increased its holdings in Vertiv by 54.0% in the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 2.3%

Shares of NYSE VRT opened at $193.62 on Thursday. The firm has a market capitalization of $74.03 billion, a PE ratio of 73.06, a PEG ratio of 1.16 and a beta of 2.06. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $171.95 and a two-hundred day moving average price of $158.21.

Vertiv Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRT. Cfra Research upgraded Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. Roth Mkm restated a “buy” rating and set a $195.00 price target (up previously from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. The Goldman Sachs Group increased their price objective on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Morgan Stanley raised their price target on Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Vertiv in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $187.89.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at $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 available through this link. 5.01% of the stock is currently owned by insiders.

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.