Corient Private Wealth LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,207 shares of the company’s stock after purchasing an additional 5,802 shares during the period. Corient Private Wealth LLC’s holdings in Vertiv were worth $6,190,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in VRT. Hsbc Holdings PLC increased its position in shares of Vertiv by 63.8% during the 4th quarter. Hsbc Holdings PLC now owns 463,294 shares of the company’s stock valued at $75,201,000 after purchasing an additional 180,538 shares during the last quarter. Redwood Family Wealth LLC bought a new position in shares of Vertiv in the 4th quarter worth approximately $341,000. Rehmann Capital Advisory Group purchased a new position in shares of Vertiv in the fourth quarter worth approximately $257,000. SHP Wealth Management purchased a new position in shares of Vertiv in the fourth quarter worth approximately $113,000. Finally, EJMK Ventures LLC bought a new stake in Vertiv during the fourth quarter valued at approximately $201,000. 89.92% of the stock is currently owned by institutional investors.
Vertiv Trading Up 2.8%
Vertiv stock opened at $325.15 on Friday. Vertiv Holdings Co. has a 12-month low of $110.06 and a 12-month high of $379.93. The firm has a market capitalization of $124.89 billion, a price-to-earnings ratio of 81.70, a P/E/G ratio of 1.37 and a beta of 2.03. The firm has a 50 day moving average of $324.04 and a 200 day moving average of $254.14. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is 6.28%.
Analysts Set New Price Targets
A number of brokerages have commented on VRT. TD Cowen upped their target price on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Evercore reiterated an “outperform” rating and set a $425.00 price target on shares of Vertiv in a research note on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on shares of Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. HSBC assumed coverage on Vertiv in a research note on Wednesday, March 25th. They issued a “buy” rating and a $325.00 price objective for the company. Finally, Oppenheimer raised their target price on Vertiv from $330.00 to $353.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest Research Report on Vertiv
About Vertiv
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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