MCF Advisors LLC purchased a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 5,446 shares of the company’s stock, valued at approximately $882,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. Empowered Funds LLC increased its holdings in Vertiv by 25.9% in the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after buying an additional 2,377 shares during the period. Sivia Capital Partners LLC bought a new stake in Vertiv in the 2nd quarter valued at $567,000. Cary Street Partners Financial LLC increased its holdings in Vertiv by 19.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock valued at $178,000 after buying an additional 230 shares during the period. Bank of Nova Scotia grew its holdings in shares of Vertiv by 49.7% in the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after purchasing an additional 9,712 shares during the last quarter. Finally, Ossiam bought a new stake in shares of Vertiv in the 2nd quarter worth about $50,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Down 7.2%
Shares of NYSE VRT opened at $300.44 on Friday. The firm’s 50-day simple moving average is $311.65 and its 200 day simple moving average is $239.87. The company has a market cap of $115.40 billion, a price-to-earnings ratio of 75.49, a price-to-earnings-growth ratio of 1.30 and a beta of 2.03. 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 Holdings Co. has a 12-month low of $107.38 and a 12-month high of $379.93.
Vertiv Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 6.28%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on VRT shares. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. HSBC started coverage on shares of Vertiv in a report on Wednesday, March 25th. They issued a “buy” rating and a $325.00 target price on the stock. TD Cowen upped their target price on shares of Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Oppenheimer upped their target price on shares of Vertiv from $330.00 to $353.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $355.00 target price on shares of Vertiv in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $322.32.
Get Our Latest Report on Vertiv
Vertiv Company 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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