Sanctuary Advisors LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,199 shares of the company’s stock after buying an additional 6,860 shares during the quarter. Sanctuary Advisors LLC’s holdings in Vertiv were worth $23,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in VRT. Sachetta LLC increased its stake in shares of Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after buying an additional 36 shares during the period. Cornerstone Planning Group LLC grew its holdings in Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 49 shares during the last quarter. GoalVest Advisory LLC increased its position in shares of Vertiv by 87.3% in the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock valued at $50,000 after acquiring an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in shares of Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after acquiring an additional 56 shares during the period. Finally, Center for Financial Planning Inc. raised its stake in shares of Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after acquiring an additional 133 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.
Vertiv Stock Performance
Shares of Vertiv stock opened at $262.36 on Monday. Vertiv Holdings Co. has a 12 month low of $118.70 and a 12 month high of $379.93. The firm has a market capitalization of $101.01 billion, a P/E ratio of 59.36, a P/E/G ratio of 1.08 and a beta of 2.06. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $294.65 and a two-hundred day simple moving average of $287.55.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s dividend payout ratio is presently 5.66%.
Analyst Ratings Changes
A number of analysts have recently weighed in on VRT shares. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Mizuho set a $380.00 price target on Vertiv in a report on Thursday, May 21st. Fox Advisors raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Barclays lifted their price objective on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, Glj Research raised Vertiv from a “hold” rating to a “buy” rating and set a $381.00 target price on the stock in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Vertiv has a consensus rating of “Buy” and a consensus price target of $357.83.
Check Out Our Latest Report on Vertiv
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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