Pacer Advisors Inc. lifted its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 9,587.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,566 shares of the company’s stock after purchasing an additional 16,395 shares during the quarter. Pacer Advisors Inc.’s holdings in Vertiv were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC increased 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 valued at $25,000 after purchasing an additional 56 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after buying an additional 112 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $27,000. Park Place Capital Corp increased its position in shares of Vertiv by 624.0% during the fourth quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after acquiring an additional 156 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $29,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Price Performance
NYSE VRT opened at $318.38 on Wednesday. The business’s fifty day moving average price is $323.44 and its 200-day moving average price is $252.25. The stock has a market capitalization of $122.29 billion, a price-to-earnings ratio of 79.99, a PEG ratio of 1.55 and a beta of 2.03. 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 Holdings Co. has a 1-year low of $110.06 and a 1-year high of $379.93.
Vertiv Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend 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%.
Analyst Upgrades and Downgrades
A number of research firms have commented on VRT. Glj Research raised Vertiv from a “sell” rating to a “hold” rating in a report on Thursday, June 18th. The Goldman Sachs Group increased their price objective on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Roth Mkm reiterated a “buy” rating and issued a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. BNP Paribas Exane assumed coverage on Vertiv in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 target price for the company. Finally, Evercore restated an “outperform” rating and set a $425.00 target price on shares of Vertiv in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.39.
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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