Kestra Private Wealth Services LLC boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 29.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,187 shares of the company’s stock after purchasing an additional 3,249 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Vertiv were worth $3,555,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC grew its position in shares of Vertiv by 58.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after buying an additional 56 shares in the last quarter. Sankala Group LLC acquired a new stake in Vertiv in the fourth quarter valued at $27,000. Meeder Asset Management Inc. raised its holdings 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 in the last quarter. Rossby Financial LCC bought a new position in Vertiv during the 4th quarter valued at $27,000. Finally, Park Place Capital Corp boosted its stake in Vertiv by 624.0% during the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after acquiring an additional 156 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
Vertiv Stock Down 6.6%
VRT stock opened at $304.11 on Friday. The stock has a market cap of $116.81 billion, a PE ratio of 76.41, a price-to-earnings-growth ratio of 1.32 and a beta of 2.03. The firm’s 50-day simple moving average is $324.10 and its 200 day simple moving average is $254.49. Vertiv Holdings Co. has a fifty-two week low of $110.06 and a fifty-two week high of $379.93. 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 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 given a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 6.28%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Loop Capital initiated coverage on shares of Vertiv in a research report on Thursday, May 14th. They set a “buy” rating and a $500.00 price target on the stock. Wall Street Zen downgraded shares of Vertiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Zacks Research downgraded Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Citigroup increased their price target on Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.39.
Read Our Latest 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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