Styrax Capital LP increased its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 22.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 395,347 shares of the company’s stock after purchasing an additional 72,187 shares during the quarter. Vertiv makes up approximately 4.9% of Styrax Capital LP’s investment portfolio, making the stock its 8th largest position. Styrax Capital LP’s holdings in Vertiv were worth $64,050,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in shares of Vertiv by 211.3% in the 4th quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after buying an additional 112 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $29,000. Park Place Capital Corp boosted its holdings in shares of Vertiv by 624.0% in the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after buying an additional 156 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Vertiv by 98.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Stock Down 3.9%
VRT stock opened at $299.61 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15. The stock has a market capitalization of $115.08 billion, a price-to-earnings ratio of 75.28, a PEG ratio of 1.35 and a beta of 2.03. The business’s fifty day moving average price is $317.89 and its two-hundred day moving average price is $246.83. Vertiv Holdings Co. has a fifty-two week low of $110.06 and a fifty-two week high of $379.93.
Vertiv Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on VRT. TD Cowen raised their price target on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Loop Capital began coverage on Vertiv in a report on Thursday, May 14th. They set a “buy” rating and a $500.00 price target for the company. Citigroup raised their price target on Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Sanford C. Bernstein began coverage on Vertiv in a report on Tuesday, June 9th. They set an “outperform” rating and a $416.00 price target for the company. Finally, HSBC began coverage on Vertiv in a report on Wednesday, March 25th. They set a “buy” rating and a $325.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $326.39.
Get Our Latest Analysis 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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