Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 536.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,358 shares of the company’s stock after purchasing an additional 64,358 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Vertiv were worth $19,134,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of VRT. Dai ichi Life Insurance Company Ltd lifted its holdings in Vertiv by 73.0% in the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 36,711 shares of the company’s stock worth $9,199,000 after buying an additional 15,490 shares during the period. GC Wealth Management RIA LLC lifted its stake in Vertiv by 5.8% in the first quarter. GC Wealth Management RIA LLC now owns 3,649 shares of the company’s stock worth $914,000 after acquiring an additional 201 shares during the period. Compound Planning Inc. boosted its holdings in Vertiv by 17.1% in the first quarter. Compound Planning Inc. now owns 5,833 shares of the company’s stock valued at $1,462,000 after acquiring an additional 850 shares in the last quarter. Modern Wealth Management LLC bought a new stake in Vertiv in the first quarter valued at $308,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Vertiv by 1.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares during the period. Institutional investors own 89.92% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on VRT. Weiss Ratings restated a “buy (b-)” rating on shares of Vertiv in a report on Tuesday, July 21st. Sanford C. Bernstein assumed coverage on shares of Vertiv in a research report on Tuesday, June 9th. They set an “outperform” rating and a $416.00 price target on the stock. Mizuho set a $380.00 price target on shares of Vertiv in a research note on Thursday, May 21st. Bank of America raised their price objective on shares of Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $260.00 price objective (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $343.48.
Vertiv Stock Down 1.0%
VRT stock opened at $287.55 on Tuesday. The business has a 50 day moving average of $312.19 and a 200 day moving average of $275.53. The firm has a market cap of $110.45 billion, a PE ratio of 72.25, a price-to-earnings-growth ratio of 1.25 and a beta of 2.03. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
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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