Matrix Trust Co acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,427 shares of the company’s stock, valued at approximately $813,000.
Other hedge funds also recently modified their holdings of the company. SFE Investment Counsel lifted its position in shares of Vertiv by 1.1% during the 1st quarter. SFE Investment Counsel now owns 3,052 shares of the company’s stock valued at $765,000 after acquiring an additional 32 shares during the period. Versant Capital Management Inc grew its holdings in Vertiv by 3.0% in the second quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock worth $387,000 after purchasing an additional 34 shares during the period. Webster Bank N. A. increased its stake in Vertiv by 6.9% in the first quarter. Webster Bank N. A. now owns 542 shares of the company’s stock valued at $136,000 after purchasing an additional 35 shares in the last quarter. Sachetta LLC increased its stake in Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Finally, Pincus Capital Management LP raised its holdings in shares of Vertiv by 0.8% during the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock valued at $1,181,000 after purchasing an additional 38 shares during the period. Institutional investors own 89.92% of the company’s stock.
Vertiv Trading Up 0.1%
NYSE:VRT opened at $272.71 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 one year low of $118.70 and a one year high of $379.93. The company has a market cap of $104.99 billion, a PE ratio of 61.70, a PEG ratio of 1.12 and a beta of 2.06. The firm has a 50-day moving average of $300.81 and a 200-day moving average of $281.06.
Vertiv Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given 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 of this dividend was Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is presently 5.66%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on VRT shares. Fox Advisors raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Loop Capital assumed coverage on Vertiv in a research note on Thursday, May 14th. They set a “buy” rating and a $500.00 price target on the stock. Barclays increased their price target on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. UBS Group reissued a “buy” rating and issued a $370.00 price objective on shares of Vertiv in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada decreased their price objective on Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $348.54.
View 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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