Glenmede Trust Co. NA purchased a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,553 shares of the company’s stock, valued at approximately $890,000.
Other large investors also recently bought and sold shares of the company. Sachetta LLC lifted its holdings in shares of Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after purchasing an additional 36 shares during the last quarter. Cornerstone Planning Group LLC grew its stake 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 buying an additional 49 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in Vertiv by 58.3% during 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 during the last quarter. Center for Financial Planning Inc. increased its position in Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after buying an additional 133 shares during the period. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Vertiv during the first quarter worth approximately $41,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Trading Down 1.0%
Shares of VRT stock opened at $275.29 on Friday. The company has a market capitalization of $105.74 billion, a P/E ratio of 62.28, a price-to-earnings-growth ratio of 1.14 and a beta of 2.06. 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 business’s 50 day moving average is $301.67 and its two-hundred day moving average is $280.38. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 5.66%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on VRT shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $368.00 price objective on shares of Vertiv in a research note on Friday, July 31st. Morgan Stanley raised their target price on shares of Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $305.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, April 24th. The Goldman Sachs Group upped their price target on shares of Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, BNP Paribas Exane assumed coverage on shares of Vertiv in a research note on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $337.33.
Get Our Latest Research Report on VRT
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.
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