Janney Montgomery Scott LLC increased its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 30.4% during the first quarter, HoldingsChannel reports. The fund owned 194,131 shares of the company’s stock after buying an additional 45,297 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vertiv were worth $48,646,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC boosted its stake 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 valued at $25,000 after purchasing an additional 56 shares in the last quarter. Sankala Group LLC bought a new stake in shares of Vertiv during the fourth quarter worth about $27,000. Meeder Asset Management Inc. increased its stake in shares of 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 buying an additional 112 shares during the period. Rossby Financial LCC acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Vertiv in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Stock Up 0.1%
Vertiv stock opened at $304.11 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week high of $379.93. The firm has a 50 day moving average price of $324.10 and a two-hundred day moving average price of $254.98. The firm has a market cap of $116.81 billion, a price-to-earnings ratio of 76.41, a PEG ratio of 1.32 and a beta of 2.04.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is 6.28%.
Wall Street Analyst Weigh In
VRT has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada upped their price target on shares of Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. BNP Paribas Exane assumed coverage on shares of Vertiv in a research note on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price target for the company. Bank of America lifted their price target on shares of Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Loop Capital began coverage on shares of Vertiv in a research note on Thursday, May 14th. They issued a “buy” rating and a $500.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.39.
Get Our Latest Stock Analysis on Vertiv
About Vertiv
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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