Regal Partners Ltd Has $1.25 Million Position in Vertiv Holdings Co. $VRT

Regal Partners Ltd raised its position in Vertiv Holdings Co. (NYSE:VRT) by 100.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,000 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Regal Partners Ltd’s holdings in Vertiv were worth $1,253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC increased its position in shares of Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after buying an additional 56 shares in the last quarter. Sankala Group LLC acquired a new position in Vertiv in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. grew its stake in Vertiv by 211.3% in the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after acquiring an additional 112 shares during the period. Rossby Financial LCC bought a new stake in shares of Vertiv in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Vertiv during the fourth quarter worth about $29,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VRT shares. Loop Capital initiated coverage on Vertiv in a research note on Thursday, May 14th. They set a “buy” rating and a $500.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vertiv in a report on Tuesday, July 21st. Citigroup raised their price objective on shares of Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Roth Capital reaffirmed a “buy” rating and issued a $355.00 target price on shares of Vertiv in a research note on Thursday, May 21st. Finally, TD Cowen increased their target price on Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $343.48.

Vertiv Stock Performance

Shares of VRT opened at $268.83 on Wednesday. The stock has a market capitalization of $103.26 billion, a price-to-earnings ratio of 67.55, a PEG ratio of 1.24 and a beta of 2.03. Vertiv Holdings Co. has a 12 month low of $118.70 and a 12 month high of $379.93. The firm has a fifty day simple moving average of $311.12 and a 200 day simple moving average of $276.21. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio is currently 6.28%.

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.