Clarus Wealth Advisors acquired a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 5,788 shares of the company’s stock, valued at approximately $1,839,000.
Several other large investors have also modified their holdings of VRT. Sachetta LLC grew its stake in Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after buying an additional 36 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in Vertiv by 60.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 49 shares during the last quarter. GoalVest Advisory LLC lifted its position in Vertiv by 87.3% during the 2nd quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in Vertiv by 58.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after acquiring an additional 56 shares during the period. Finally, Center for Financial Planning Inc. boosted its holdings in Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after acquiring an additional 133 shares during the period. 89.92% of the stock is owned by institutional investors.
Vertiv Stock Performance
NYSE VRT opened at $256.48 on Wednesday. The company’s fifty day moving average is $285.51 and its two-hundred day moving average is $290.50. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. The firm has a market capitalization of $98.74 billion, a price-to-earnings ratio of 58.03, a P/E/G ratio of 1.06 and a beta of 2.07.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on VRT shares. Roth Capital reaffirmed a “buy” rating and issued a $355.00 price target on shares of Vertiv in a research report on Thursday, May 21st. Bank of America boosted their price objective on Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Glj Research raised Vertiv from a “hold” rating to a “buy” rating and set a $381.00 target price on the stock in a report on Friday, August 7th. Finally, Barclays lifted their price target on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $357.83.
Read Our Latest Research Report on Vertiv
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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