Hsbc Holdings PLC boosted its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 63.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 463,294 shares of the company’s stock after buying an additional 180,538 shares during the quarter. Hsbc Holdings PLC’s holdings in Vertiv were worth $75,201,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC boosted its position in shares of Vertiv by 187.8% in the 3rd 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 purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $2,641,000. Norges Bank bought a new position in Vertiv during the 4th quarter valued at approximately $808,701,000. Sterling Investment Advisors Ltd. increased its position in Vertiv by 26.1% during the 4th 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 in the last quarter. Finally, WD Rutherford LLC raised its stake in Vertiv by 80.7% during the fourth quarter. WD Rutherford LLC now owns 15,081 shares of the company’s stock valued at $2,443,000 after buying an additional 6,734 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Stock Performance
Shares of VRT opened at $357.93 on Tuesday. The business’s fifty day simple moving average is $322.97 and its two-hundred day simple moving average is $251.27. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 12 month low of $110.06 and a 12 month high of $379.93. The company has a market cap of $137.48 billion, a price-to-earnings ratio of 89.93, a P/E/G ratio of 1.44 and a beta of 2.04.
Vertiv Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analysts Forecast Growth
VRT has been the topic of several analyst reports. Evercore reissued an “outperform” rating and issued a $425.00 target price on shares of Vertiv in a report on Tuesday, May 12th. Bank of America raised their price target on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a report on Friday, May 15th. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Wall Street Zen downgraded shares of Vertiv from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Glj Research upgraded shares of Vertiv from a “sell” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.39.
Read Our Latest Stock Report 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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