Eley Financial Management Inc Raises Stock Position in Vertiv Holdings Co. $VRT

Eley Financial Management Inc raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 19.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 23,834 shares of the company’s stock after buying an additional 3,911 shares during the period. Vertiv comprises about 2.1% of Eley Financial Management Inc’s portfolio, making the stock its 14th largest holding. Eley Financial Management Inc’s holdings in Vertiv were worth $5,972,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Vertiv by 2.8% in the fourth quarter. State Street Corp now owns 8,694,900 shares of the company’s stock worth $1,408,661,000 after acquiring an additional 235,577 shares during the period. Geode Capital Management LLC raised its holdings in Vertiv by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock valued at $1,141,723,000 after acquiring an additional 143,821 shares during the last quarter. Invesco Ltd. lifted its position in Vertiv by 2.1% during the fourth quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock worth $967,881,000 after buying an additional 121,618 shares in the last quarter. Norges Bank purchased a new position in shares of Vertiv during the 4th quarter worth $808,701,000. Finally, Northern Trust Corp increased its holdings in shares of Vertiv by 3.6% during the 4th quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock worth $455,531,000 after buying an additional 97,141 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 1.0%

VRT opened at $287.55 on Tuesday. 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 $118.70 and a 52 week high of $379.93. The business’s 50 day moving average is $312.19 and its two-hundred day moving average is $275.53. The firm has a market cap of $110.45 billion, a price-to-earnings ratio of 72.25, a price-to-earnings-growth ratio of 1.25 and a beta of 2.03.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s payout ratio is presently 6.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VRT. Glj Research raised Vertiv from a “sell” rating to a “hold” rating in a research report on Thursday, June 18th. Roth Capital reiterated a “buy” rating and issued a $355.00 target price on shares of Vertiv in a report on Thursday, May 21st. KeyCorp started coverage on shares of Vertiv in a report on Thursday. They set an “overweight” rating and a $360.00 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $260.00 price objective (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Finally, Citigroup increased their target price on shares of Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $343.48.

Vertiv Company 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.