OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 77.1% in the fourth quarter, HoldingsChannel reports. The firm owned 22,057 shares of the company’s stock after selling 74,343 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vertiv were worth $3,573,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in VRT. Rehmann Capital Advisory Group purchased a new position in Vertiv in the 4th quarter valued at about $257,000. SHP Wealth Management acquired a new stake in shares of Vertiv during the 4th quarter worth about $113,000. EJMK Ventures LLC purchased a new stake in shares of Vertiv during the fourth quarter worth about $201,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Vertiv during the fourth quarter worth about $645,000. Finally, Reflection Asset Management acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Price Performance
VRT opened at $333.49 on Friday. The company’s 50 day simple moving average is $321.56 and its 200 day simple moving average is $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 Holdings Co. has a 1 year low of $110.06 and a 1 year high of $379.93. The stock has a market capitalization of $128.10 billion, a PE ratio of 83.79, a P/E/G ratio of 1.44 and a beta of 2.03.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 6.28%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on VRT shares. Oppenheimer upped their price objective on shares of Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Citigroup boosted their price target on Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their price target on Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Finally, HSBC began coverage on Vertiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $325.00 price objective for the company. Three investment 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.39.
View Our Latest Stock Analysis on VRT
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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