Caitong International Asset Management Co. Ltd purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,982 shares of the company’s stock, valued at approximately $645,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its stake in Vertiv by 58.3% during 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 during the period. Sankala Group LLC acquired a new position in Vertiv in the fourth quarter valued at $27,000. Meeder Asset Management Inc. increased its stake in Vertiv by 211.3% in the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares during the period. Rossby Financial LCC purchased a new stake in shares of Vertiv in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Vertiv in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Price Performance
Vertiv stock opened at $333.49 on Friday. The company has a market cap of $128.10 billion, a price-to-earnings ratio of 83.79, a PEG ratio of 1.44 and a beta of 2.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The firm has a 50 day moving average price of $321.56 and a 200 day moving average price of $249.52. Vertiv Holdings Co. has a 1 year low of $110.06 and a 1 year high of $379.93.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Barclays upped their price target on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their price target on Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Glj Research upgraded shares of Vertiv from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Mizuho set a $380.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest Stock Report on Vertiv
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
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
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.
