Banco Santander S.A. acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,363 shares of the company’s stock, valued at approximately $960,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. grew its stake in Vertiv by 1,560.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after buying an additional 156 shares during the last quarter. Promus Capital LLC purchased a new stake in Vertiv in the second quarter valued at approximately $26,000. Pacer Advisors Inc. boosted its holdings in shares of Vertiv by 67.6% in the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after acquiring an additional 69 shares during the period. True Wealth Design LLC grew its position in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Vertiv during the third quarter worth approximately $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Trading Down 1.9%
NYSE VRT opened at $254.25 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $97.27 billion, a P/E ratio of 74.56, a P/E/G ratio of 1.29 and a beta of 2.08. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $264.86. The firm has a 50-day moving average price of $195.04 and a 200 day moving average price of $171.73.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Vertiv from $200.00 to $266.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings raised shares of Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. JPMorgan Chase & Co. lowered their price target on Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price objective on shares of Vertiv in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $281.00 price objective on shares of Vertiv in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.28.
Get Our Latest Analysis 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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