Regal Partners Ltd Purchases 2,500 Shares of Vertiv Holdings Co. $VRT

Regal Partners Ltd increased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 100.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,000 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Regal Partners Ltd’s holdings in Vertiv were worth $1,253,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Vertiv by 2.8% in the 4th quarter. State Street Corp now owns 8,694,900 shares of the company’s stock valued at $1,408,661,000 after acquiring an additional 235,577 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 143,821 shares during the period. Invesco Ltd. raised its holdings in shares of Vertiv by 2.1% in the 4th quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock valued at $967,881,000 after purchasing an additional 121,618 shares during the period. Norges Bank acquired a new stake in Vertiv in the 4th quarter valued at about $808,701,000. Finally, Northern Trust Corp lifted its stake in Vertiv by 3.6% in the 4th quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock valued at $455,531,000 after purchasing an additional 97,141 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on Vertiv from $435.00 to $418.00 and set an “outperform” rating on the stock in a research report on Thursday, July 16th. Sanford C. Bernstein began coverage on Vertiv in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $416.00 price objective for the company. Morgan Stanley lifted their target price on Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Mizuho set a $380.00 target price on Vertiv in a report on Thursday, May 21st. Finally, Robert W. Baird began coverage on Vertiv in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $370.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $343.48.

Vertiv Stock Down 6.5%

Shares of VRT opened at $268.83 on Wednesday. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93. The firm has a market cap of $103.26 billion, a P/E ratio of 67.55, a price-to-earnings-growth ratio of 1.24 and a beta of 2.03. The firm’s 50-day simple moving average is $311.12 and its 200 day simple moving average is $276.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49.

Vertiv Announces Dividend

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

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.