Diversified Trust Co raised its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 68.7% in the 1st quarter, Holdings Channel reports. The fund owned 19,177 shares of the company’s stock after acquiring an additional 7,811 shares during the period. Diversified Trust Co’s holdings in Vertiv were worth $4,805,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC lifted its position in Vertiv by 25.9% in the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after purchasing an additional 2,377 shares during the period. Sivia Capital Partners LLC acquired a new position in Vertiv during the 2nd quarter worth approximately $567,000. Cary Street Partners Financial LLC increased its position 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 purchasing an additional 230 shares during the period. Bank of Nova Scotia raised its stake in shares of Vertiv by 49.7% during the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after buying an additional 9,712 shares in the last quarter. Finally, Ossiam acquired a new position in Vertiv during the second quarter worth $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Trading Up 0.1%
NYSE:VRT opened at $333.49 on Friday. The company has a market capitalization of $128.10 billion, a PE ratio of 83.79, a price-to-earnings-growth ratio of 1.44 and a beta of 2.03. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week high of $379.93. The stock has a fifty day simple moving average of $321.56 and a 200-day simple moving average of $249.52.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Vertiv’s dividend payout ratio is 6.28%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on VRT shares. Wall Street Zen cut Vertiv from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Citigroup upped their price target on shares of Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $305.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein assumed coverage on shares of Vertiv in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $416.00 price objective for the company. Three 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.39.
Get Our Latest Research Report on VRT
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.
Further Reading
- Five stocks we like better than Vertiv
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
