Hollow Brook Wealth Management LLC lessened its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,772 shares of the company’s stock after selling 16,960 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in Vertiv were worth $2,393,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Meeder Asset Management Inc. increased its stake in shares of Vertiv by 211.3% in the 4th quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Vertiv in the 4th quarter valued at about $27,000. Park Place Capital Corp increased its stake in shares of Vertiv by 624.0% in the 4th 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. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Vertiv in the 4th quarter valued at about $29,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Vertiv by 98.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Price Performance
Shares of Vertiv stock opened at $311.67 on Tuesday. The business has a 50 day simple moving average of $317.12 and a two-hundred day simple moving average of $245.94. Vertiv Holdings Co. has a 12 month low of $110.06 and a 12 month high of $379.93. The stock has a market capitalization of $119.71 billion, a P/E ratio of 78.31, a PEG ratio of 1.31 and a beta of 2.04. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a $0.0625 dividend. 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 6.28%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on VRT. Sanford C. Bernstein began coverage on Vertiv in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $416.00 price target for the company. The Goldman Sachs Group lifted their price target on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Oppenheimer lifted their price target on Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada lifted their price target on Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.39.
Check Out Our Latest Stock Analysis on VRT
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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