Purpose Unlimited Inc. acquired a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,200 shares of the company’s stock, valued at approximately $356,000.
A number of other institutional investors and hedge funds have also made changes to their positions in VRT. Vermillion & White Wealth Management Group LLC boosted its position in shares of Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after purchasing an additional 56 shares in the last quarter. Sankala Group LLC purchased a new position in Vertiv during the fourth quarter valued at $27,000. Meeder Asset Management Inc. boosted its holdings in Vertiv by 211.3% in the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after acquiring an additional 112 shares in the last quarter. Rossby Financial LCC bought a new stake in Vertiv in the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Vertiv in the fourth quarter worth $29,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Performance
Shares of VRT opened at $333.49 on Monday. The business has a fifty day moving average of $321.56 and a 200 day moving average of $250.02. The firm has a market capitalization of $128.10 billion, a P/E ratio of 83.79, a PEG ratio of 1.44 and a beta of 2.04. Vertiv Holdings Co. has a one year low of $110.06 and a one year high of $379.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is currently 6.28%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Glj Research raised Vertiv from a “sell” rating to a “hold” rating in a research report on Thursday. Mizuho set a $380.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. Barclays raised their price objective on shares of Vertiv from $345.00 to $412.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Royal Bank Of Canada lifted their target price on shares of Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Oppenheimer upped their target price on shares of Vertiv from $330.00 to $353.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $326.39.
Read Our Latest Analysis on VRT
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.
Read More
- Five stocks we like better than Vertiv
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
- Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
- 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
