Hilton Head Capital Partners LLC bought a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 5,529 shares of the company’s stock, valued at approximately $896,000.
A number of other institutional investors have also added to or reduced their stakes in the company. DB&C Advisors LLC bought a new position in Vertiv in the fourth quarter valued at $887,000. XML Financial LLC bought a new position in Vertiv in the fourth quarter valued at $221,000. Vestcor Inc increased its stake in Vertiv by 5.5% in the fourth quarter. Vestcor Inc now owns 16,358 shares of the company’s stock valued at $2,650,000 after acquiring an additional 857 shares during the last quarter. MCF Advisors LLC bought a new position in Vertiv in the fourth quarter valued at $882,000. Finally, OneAscent Financial Services LLC increased its stake in Vertiv by 2.3% in the fourth quarter. OneAscent Financial Services LLC now owns 7,081 shares of the company’s stock valued at $1,147,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Performance
NYSE VRT opened at $300.44 on Monday. The company has a 50-day simple moving average of $311.65 and a two-hundred day simple moving average of $240.39. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 12-month low of $107.38 and a 12-month high of $379.93. The firm has a market cap of $115.40 billion, a price-to-earnings ratio of 75.49, a PEG ratio of 1.30 and a beta of 2.03.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be 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 is Monday, June 15th. Vertiv’s dividend payout ratio is currently 6.28%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on VRT. Bank of America upped their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group restated a “hold” rating and set a $260.00 price target (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Roth Mkm restated a “buy” rating and set a $355.00 price target on shares of Vertiv in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $305.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $322.32.
Read Our Latest Stock 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.
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