Daiichi Life Insurance Co. Ltd. trimmed its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,627 shares of the company’s stock after selling 3,084 shares during the period. Daiichi Life Insurance Co. Ltd.’s holdings in Vertiv were worth $11,259,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of VRT. Sachetta LLC boosted its holdings in shares of Vertiv by 41.4% during the first quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Cornerstone Planning Group LLC increased its stake in Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 49 shares during the period. GoalVest Advisory LLC increased its stake in Vertiv by 87.3% in the 2nd quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC lifted its position in Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after buying an additional 56 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its position in Vertiv by 554.2% in the 1st quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after buying an additional 133 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Trading Down 0.9%
Shares of NYSE:VRT opened at $262.36 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $101.01 billion, a PE ratio of 59.36, a P/E/G ratio of 1.08 and a beta of 2.06. Vertiv Holdings Co. has a 1 year low of $118.70 and a 1 year high of $379.93. The firm has a fifty day moving average price of $294.65 and a 200 day moving average price of $286.87.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a $0.0625 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 5.66%.
Analysts Set New Price Targets
Several equities analysts have recently commented on VRT shares. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and set a $368.00 price objective on shares of Vertiv in a report on Friday, July 31st. Barclays increased their price objective on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Loop Capital started coverage on Vertiv in a research report on Thursday, May 14th. They set a “buy” rating and a $500.00 price objective for the company. Finally, Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $357.83.
View Our Latest Analysis 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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