Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. cut its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 53.6% in the 4th quarter, Holdings Channel reports. The fund owned 181,710 shares of the company’s stock after selling 209,659 shares during the quarter. Vertiv comprises about 2.6% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings, making the stock its 15th largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Vertiv were worth $29,439,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Place Capital Corp grew its position in Vertiv by 624.0% in the fourth quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after acquiring an additional 156 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Vertiv in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. grew its position in Vertiv by 98.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Vertiv in the third quarter worth $30,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in Vertiv in the third quarter worth $31,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Vertiv Stock Performance
Shares of VRT stock opened at $281.14 on Thursday. 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 Holdings Co. has a fifty-two week low of $107.38 and a fifty-two week high of $379.93. The stock has a 50 day moving average price of $314.32 and a two-hundred day moving average price of $243.03. The company has a market capitalization of $107.99 billion, a P/E ratio of 70.64, a PEG ratio of 1.25 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%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on VRT. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Mizuho set a $380.00 price target on shares of Vertiv in a research note on Thursday, May 21st. 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $281.00 price target on shares of Vertiv in a research report on Thursday, February 12th. Finally, Oppenheimer upped their price target on shares of Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $326.39.
Read Our Latest Research Report on Vertiv
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.
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