WESPAC Advisors SoCal LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 1st quarter, HoldingsChannel reports. The firm acquired 8,293 shares of the company’s stock, valued at approximately $2,078,000.
Other large investors also recently modified their holdings of the company. Empowered Funds LLC raised its position 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 last quarter. Sivia Capital Partners LLC purchased a new position in Vertiv during the 2nd quarter worth $567,000. Cary Street Partners Financial LLC boosted its holdings in Vertiv by 19.8% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after acquiring an additional 230 shares during the last quarter. Bank of Nova Scotia grew its stake 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 acquiring an additional 9,712 shares in the last quarter. Finally, Ossiam bought a new stake in shares of Vertiv in the 2nd quarter worth $50,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Trading Up 0.1%
Shares of Vertiv stock opened at $333.49 on Friday. Vertiv Holdings Co. has a 1 year low of $110.06 and a 1 year high of $379.93. The firm has a market cap of $128.10 billion, a PE ratio of 83.79, a P/E/G ratio of 1.44 and a beta of 2.03. The stock has a fifty day moving average price of $321.56 and a 200-day moving average price of $249.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s payout ratio is currently 6.28%.
Analysts Set New Price Targets
Several brokerages have recently commented on VRT. The Goldman Sachs Group increased their target price on shares of Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. BNP Paribas Exane assumed coverage on shares of Vertiv in a report on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and set a $425.00 target price on shares of Vertiv in a research report on Tuesday, May 12th. Three 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest 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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