Hennion & Walsh Asset Management Inc. boosted its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,665 shares of the company’s stock after purchasing an additional 2,062 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Vertiv were worth $8,593,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. Sachetta LLC lifted its holdings in shares of Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after buying an additional 36 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after buying an additional 49 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings 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 period. Center for Financial Planning Inc. grew its holdings in shares of Vertiv by 554.2% in the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares during the period. Finally, Ravenstone Capital Management Inc. purchased a new stake in Vertiv during the first quarter valued at $40,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Price Performance
Shares of Vertiv stock opened at $272.71 on Friday. Vertiv Holdings Co. has a one year low of $118.70 and a one year high of $379.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. The stock has a market cap of $104.75 billion, a P/E ratio of 61.70, a P/E/G ratio of 1.12 and a beta of 2.06. The stock’s fifty day moving average is $300.81 and its 200 day moving average is $280.33.
Vertiv Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is currently 5.66%.
Analysts Set New Price Targets
VRT has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Vertiv from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Loop Capital started coverage on Vertiv in a research note on Thursday, May 14th. They set a “buy” rating and a $500.00 price target for the company. KeyCorp reduced their price target on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and issued a $325.00 price objective on shares of Vertiv in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada dropped their price objective on shares of Vertiv from $418.00 to $337.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $348.54.
Check Out 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.
Featured Stories
- Five stocks we like better than Vertiv
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
