World Investment Advisors boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,457 shares of the company’s stock after acquiring an additional 1,656 shares during the period. World Investment Advisors’ holdings in Vertiv were worth $1,046,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hohimer Wealth Management LLC grew its stake in shares of Vertiv by 0.8% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,264 shares of the company’s stock worth $1,015,000 after buying an additional 48 shares during the last quarter. Waterfront Wealth Inc. increased its position in Vertiv by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 2,253 shares of the company’s stock valued at $365,000 after buying an additional 56 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in Vertiv by 58.3% during the fourth 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 during the last quarter. Balance Wealth LLC boosted its holdings in Vertiv by 2.8% in the fourth quarter. Balance Wealth LLC now owns 2,089 shares of the company’s stock worth $338,000 after acquiring an additional 57 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its holdings in Vertiv by 3.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 1,859 shares of the company’s stock worth $301,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Stock Up 0.1%
VRT stock opened at $333.49 on Monday. Vertiv Holdings Co. has a 1-year low of $110.06 and a 1-year high of $379.93. The business has a fifty day moving average price of $321.56 and a 200-day moving average price of $250.02. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15. The stock has a market capitalization of $128.10 billion, a P/E ratio of 83.79, a P/E/G ratio of 1.44 and a beta of 2.04.
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Vertiv’s payout ratio is presently 6.28%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on VRT. JPMorgan Chase & Co. raised their price target on Vertiv from $305.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Mizuho set a $380.00 price target on shares of Vertiv in a research note on Thursday, May 21st. Jefferies Financial Group reissued a “hold” rating and set a $260.00 price objective (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. HSBC initiated coverage on shares of Vertiv in a research note on Wednesday, March 25th. They set a “buy” rating and a $325.00 price objective for the company. Finally, Barclays lifted their target price on shares of Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $326.39.
Get Our Latest Stock Analysis on VRT
Vertiv 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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