Plato Investment Management Ltd purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,740 shares of the company’s stock, valued at approximately $4,906,000.
Other hedge funds have also made changes to their positions in the company. Lingotto Investment Management LLP purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $2,641,000. Norges Bank acquired a new position in shares of Vertiv during the fourth quarter worth $808,701,000. Sterling Investment Advisors Ltd. grew its stake in shares of Vertiv by 26.1% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 22,476 shares of the company’s stock worth $3,641,000 after purchasing an additional 4,645 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Vertiv in the fourth quarter valued at $2,197,000. Finally, WD Rutherford LLC increased its holdings in Vertiv by 80.7% in the fourth quarter. WD Rutherford LLC now owns 15,081 shares of the company’s stock valued at $2,443,000 after buying an additional 6,734 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Price Performance
Shares of VRT opened at $294.46 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. Vertiv Holdings Co. has a 1-year low of $118.70 and a 1-year high of $379.93. The stock has a market cap of $113.36 billion, a PE ratio of 66.62, a price-to-earnings-growth ratio of 1.21 and a beta of 2.06. The firm has a fifty day moving average price of $296.99 and a 200 day moving average price of $284.74.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Roth Capital reaffirmed a “buy” rating and set a $355.00 price target on shares of Vertiv in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vertiv in a report on Tuesday, July 21st. Loop Capital began coverage on Vertiv in a research report on Thursday, May 14th. They set a “buy” rating and a $500.00 target price on the stock. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on Vertiv from $305.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $348.54.
View Our Latest Report on Vertiv
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.
Read More
- Five stocks we like better than Vertiv
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
