Redwood Family Wealth LLC purchased a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,102 shares of the company’s stock, valued at approximately $341,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Vertiv during the fourth quarter worth approximately $808,701,000. Marshall Wace LLP lifted its position in shares of Vertiv by 265.6% during the 4th quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock worth $432,568,000 after buying an additional 1,939,749 shares during the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Vertiv by 178.2% in the 4th quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock valued at $324,524,000 after buying an additional 1,283,110 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Vertiv by 148.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,828,750 shares of the company’s stock valued at $275,885,000 after buying an additional 1,091,210 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Vertiv by 49.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after buying an additional 930,158 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Vertiv Price Performance
Shares of VRT opened at $333.49 on Friday. Vertiv Holdings Co. has a fifty-two week low of $110.06 and a fifty-two week high of $379.93. The company has a market capitalization of $128.10 billion, a price-to-earnings ratio of 83.79, a price-to-earnings-growth ratio of 1.44 and a beta of 2.03. The firm has a 50-day simple moving average of $321.56 and a 200-day simple moving average of $249.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is 6.28%.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. BNP Paribas Exane assumed coverage on shares of Vertiv in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 price objective for the company. Fox Advisors raised Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Barclays lifted their target price on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group boosted their target price on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest Stock Analysis on VRT
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.
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