Czech National Bank boosted its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,332 shares of the company’s stock after buying an additional 5,145 shares during the quarter. Czech National Bank’s holdings in Vertiv were worth $36,607,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in VRT. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in Vertiv by 8.8% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 66,924 shares of the company’s stock valued at $22,407,000 after acquiring an additional 5,400 shares during the last quarter. Foster Group Inc. boosted its stake in shares of Vertiv by 10.6% in the 2nd quarter. Foster Group Inc. now owns 956 shares of the company’s stock valued at $320,000 after purchasing an additional 92 shares during the last quarter. Graves Light Lenhart Wealth Inc. acquired a new stake in shares of Vertiv during the 2nd quarter worth approximately $244,000. GAMMA Investing LLC grew its position in shares of Vertiv by 37.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,982 shares of the company’s stock worth $2,338,000 after buying an additional 1,893 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in shares of Vertiv by 9.2% during the second quarter. Harbor Investment Advisory LLC now owns 9,718 shares of the company’s stock worth $3,254,000 after buying an additional 815 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Vertiv Trading Down 1.0%
VRT opened at $275.29 on Friday. The firm’s fifty day moving average is $301.67 and its two-hundred day moving average is $280.38. The firm has a market cap of $105.74 billion, a PE ratio of 62.28, a price-to-earnings-growth ratio of 1.14 and a beta of 2.06. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month 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.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend 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 5.66%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Vertiv in a report on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 price objective on the stock. Glj Research upgraded shares of Vertiv from a “sell” rating to a “hold” rating in a research report on Thursday, June 18th. TD Cowen increased their price target on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Morgan Stanley raised their price target on Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, KeyCorp dropped their price objective on Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $337.33.
View Our Latest Stock Analysis 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.
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