Union Bancaire Privee UBP SA cut its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 24.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,365 shares of the company’s stock after selling 51,056 shares during the period. Vertiv comprises approximately 0.7% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 27th biggest holding. Union Bancaire Privee UBP SA’s holdings in Vertiv were worth $40,184,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. CreativeOne Wealth LLC increased its position in shares of Vertiv by 187.8% during the third quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company’s stock worth $1,606,000 after purchasing an additional 6,947 shares in the last quarter. Lingotto Investment Management LLP acquired a new stake in Vertiv during the 4th quarter worth $2,641,000. Norges Bank purchased a new stake in shares of Vertiv during the fourth quarter worth $808,701,000. Sterling Investment Advisors Ltd. raised its position in shares of Vertiv by 26.1% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 22,476 shares of the company’s stock valued at $3,641,000 after buying an additional 4,645 shares during the last quarter. Finally, WD Rutherford LLC lifted its stake in shares of Vertiv by 80.7% in the fourth quarter. WD Rutherford LLC now owns 15,081 shares of the company’s stock worth $2,443,000 after buying an additional 6,734 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
Vertiv Price Performance
VRT stock opened at $304.11 on Friday. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week 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. The stock has a market cap of $116.81 billion, a price-to-earnings ratio of 76.41, a price-to-earnings-growth ratio of 1.41 and a beta of 2.03. The business has a fifty day moving average of $324.10 and a two-hundred day moving average of $254.49.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is currently 6.28%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on VRT. Glj Research raised shares of Vertiv from a “sell” rating to a “hold” rating in a research note on Thursday, June 18th. Weiss Ratings cut Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Loop Capital initiated coverage on Vertiv in a research report on Thursday, May 14th. They issued a “buy” rating and a $500.00 price target for the company. Oppenheimer increased their price target on Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Roth Mkm reissued a “buy” rating and set a $355.00 price objective on shares of Vertiv in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest Research 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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