American Century Companies Inc. increased its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 16.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,431,760 shares of the company’s stock after purchasing an additional 491,349 shares during the period. American Century Companies Inc.’s holdings in Vertiv were worth $517,715,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after purchasing an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Vertiv in the 2nd quarter valued at about $567,000. AlphaQuest LLC grew its holdings in Vertiv by 51.7% during the second quarter. AlphaQuest LLC now owns 760 shares of the company’s stock worth $98,000 after purchasing an additional 259 shares during the period. Teacher Retirement System of Texas increased its position in Vertiv by 5.3% during the second quarter. Teacher Retirement System of Texas now owns 54,901 shares of the company’s stock worth $7,050,000 after buying an additional 2,774 shares during the last quarter. Finally, Howard Capital Management Inc. bought a new stake in Vertiv in the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Price Performance
Shares of NYSE:VRT opened at $254.25 on Friday. The firm has a 50 day moving average of $195.04 and a 200-day moving average of $171.53. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $264.86. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $97.27 billion, a PE ratio of 74.56, a PEG ratio of 1.31 and a beta of 2.08.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $270.00 target price on shares of Vertiv in a research note on Thursday, February 12th. Evercore reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Vertiv in a research report on Wednesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings upgraded shares of Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average price target of $230.28.
Check Out Our Latest Research Report on VRT
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.
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