Spartan Wealth Advisory Services LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 13,223 shares of the company’s stock, valued at approximately $3,313,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Paces Ferry Wealth Advisors LLC acquired a new position in Vertiv during the first quarter worth about $274,000. Jennison Associates LLC acquired a new stake in shares of Vertiv in the 1st quarter valued at approximately $295,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Vertiv by 2.0% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,021 shares of the company’s stock valued at $1,008,000 after purchasing an additional 78 shares in the last quarter. Quadrant Private Wealth Management LLC bought a new stake in shares of Vertiv during the 1st quarter valued at approximately $203,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Vertiv during the 1st quarter worth approximately $41,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Performance
Vertiv stock opened at $288.79 on Friday. The business has a 50 day moving average of $320.41 and a 200-day moving average of $269.39. The company has a market capitalization of $110.93 billion, a P/E ratio of 72.56, a P/E/G ratio of 1.25 and a beta of 2.03. Vertiv Holdings Co. has a 1 year low of $118.70 and a 1 year high of $379.93. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $260.00 target price (down from $280.00) on shares of Vertiv in a research note on Tuesday, March 31st. Robert W. Baird assumed coverage on shares of Vertiv in a report on Wednesday. They set an “outperform” rating and a $370.00 price target for the company. Bank of America increased their price target on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Barclays raised their price objective on Vertiv from $345.00 to $412.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $342.73.
Vertiv News Roundup
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: Robert W. Baird upgraded Vertiv to strong-buy and initiated/boosted coverage with a $370 price target, citing strong demand tied to data center growth and AI infrastructure spending. Vertiv rated outperform in new coverage at Baird on data center demand
- Positive Sentiment: Baird’s coverage highlights Vertiv as a key beneficiary of the AI data center power buildout, a theme that investors have been rewarding across infrastructure and cooling names. Vertiv (VRT) Stock: Baird Initiates Coverage With $370 Price Target and Outperform Rating
- Positive Sentiment: Market commentary continues to group Vertiv among the stocks positioned to gain from the ongoing AI data center power and cooling spending cycle, which supports the long-term earnings outlook. 3 Stocks Riding the AI Data Center Power Buildout in July
- Neutral Sentiment: RBC Capital trimmed its price target on Vertiv to $418 from $435 but kept an outperform rating, signaling slightly less upside than before while still remaining bullish overall. Benzinga
- Neutral Sentiment: Leon Cooperman-related portfolio commentary mentioned Vertiv among other holdings, but it did not add a clear new catalyst for the stock. Billionaire Leon Cooperman’s Top 3 Stocks: Buy, Sell or Hold
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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