Element Pointe Advisors LLC lowered its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 52.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,102 shares of the company’s stock after selling 4,591 shares during the period. Element Pointe Advisors LLC’s holdings in Vertiv were worth $1,028,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Vermillion & White Wealth Management Group LLC increased its stake in shares of Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after acquiring an additional 56 shares during the last quarter. Sankala Group LLC acquired a new stake in Vertiv during the fourth quarter valued at $27,000. Meeder Asset Management Inc. boosted its position in Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares during the last quarter. Rossby Financial LCC purchased a new position in Vertiv in the fourth quarter valued at about $27,000. Finally, Park Place Capital Corp grew its stake in Vertiv by 624.0% in the fourth quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after purchasing an additional 156 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Vertiv Price Performance
NYSE:VRT opened at $291.80 on Tuesday. The stock has a market cap of $112.08 billion, a P/E ratio of 73.32, a PEG ratio of 1.25 and a beta of 2.03. Vertiv Holdings Co. has a one year low of $118.70 and a one year high of $379.93. The company has a fifty day moving average price of $318.90 and a 200 day moving average price of $271.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on VRT. Robert W. Baird began coverage on Vertiv in a research note on Wednesday, July 15th. They set an “outperform” rating and a $370.00 price target for the company. Bank of America lifted their price target on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wall Street Zen cut Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. HSBC began coverage on shares of Vertiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $325.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $342.73.
Check Out Our Latest Analysis on Vertiv
Key Vertiv News
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: Vertiv is buying Strategic Thermal Labs, adding proven cold-plate and server-side liquid cooling technology that should strengthen its position in fast-growing AI infrastructure markets. Vertiv (VRT) Is Buying Strategic Thermal Labs For AI Cooling Growth
- Positive Sentiment: The acquisition was also confirmed by Brown Gibbons Lang & Company, underscoring Vertiv’s continued push to deepen its thermal management and data center cooling portfolio. BGL Announces the Sale of Strategic Thermal Labs to Vertiv
- Neutral Sentiment: Vertiv is also attracting investor attention and online search interest, which may be adding to trading activity but does not itself change the company’s fundamentals. Vertiv Holdings Co. (VRT) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: Some commentary on the stock has been cautious, including Jim Cramer advising investors to wait for a better entry point, which may temper enthusiasm for buying at current levels. Jim Cramer Says Wait Before Buying the Dip on Vertiv: “You’ll Get A Better Price.”
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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