Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,597 shares of the company’s stock, valued at approximately $7,416,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRT. Vermillion & White Wealth Management Group LLC boosted its position in shares of Vertiv by 58.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after acquiring an additional 56 shares during the last quarter. Sankala Group LLC bought a new position in shares of Vertiv in the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. increased its position in shares of 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 purchasing an additional 112 shares during the last quarter. Rossby Financial LCC purchased a new stake in Vertiv in the fourth quarter valued at approximately $27,000. Finally, Park Place Capital Corp raised its stake in Vertiv by 624.0% in the fourth quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after purchasing an additional 156 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Vertiv Price Performance
Shares of Vertiv stock opened at $318.66 on Friday. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The stock has a market capitalization of $122.40 billion, a price-to-earnings ratio of 80.07, a price-to-earnings-growth ratio of 1.40 and a beta of 2.03. The company has a fifty day moving average of $324.66 and a 200-day moving average of $264.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 6.28%.
Analyst Ratings Changes
A number of equities analysts have commented on VRT shares. Morgan Stanley boosted their price target on shares of Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $260.00 price objective (down from $280.00) on shares of Vertiv in a report on Tuesday, March 31st. HSBC started coverage on shares of Vertiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $325.00 target price for the company. Royal Bank Of Canada increased their target price on Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group raised their price target on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $342.24.
View Our Latest Stock Report 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.
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