Moran Wealth Management LLC purchased a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,660 shares of the company’s stock, valued at approximately $667,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC increased its holdings 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 acquiring an additional 56 shares during the period. Sankala Group LLC bought a new position in Vertiv in the 4th quarter valued at $27,000. Meeder Asset Management Inc. increased its holdings 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 period. Rossby Financial LCC purchased a new stake in shares of Vertiv in the fourth quarter worth $27,000. Finally, Park Place Capital Corp boosted its stake in 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 buying an additional 156 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Trading Down 9.7%
Shares of Vertiv stock traded down $30.74 during trading on Tuesday, reaching $287.73. The company’s stock had a trading volume of 1,479,794 shares, compared to its average volume of 6,945,508. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week high of $379.93. The firm’s 50-day moving average is $324.54 and its two-hundred day moving average is $259.86. The company has a market cap of $110.52 billion, a price-to-earnings ratio of 72.30, a PEG ratio of 1.30 and a beta of 2.03.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s payout ratio is 6.28%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on VRT. Weiss Ratings cut Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Morgan Stanley lifted their price target on Vertiv from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their price objective on Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $277.00 to $311.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, BNP Paribas Exane began coverage on shares of Vertiv in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest Stock 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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