Czech National Bank boosted its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,332 shares of the company’s stock after acquiring an additional 5,145 shares during the quarter. Czech National Bank’s holdings in Vertiv were worth $36,607,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Vertiv by 8.8% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 66,924 shares of the company’s stock valued at $22,407,000 after purchasing an additional 5,400 shares during the period. Foster Group Inc. boosted its position in shares of Vertiv by 10.6% during the second quarter. Foster Group Inc. now owns 956 shares of the company’s stock worth $320,000 after buying an additional 92 shares during the period. Graves Light Lenhart Wealth Inc. bought a new position in shares of Vertiv during the second quarter worth about $244,000. GAMMA Investing LLC grew its holdings in shares of Vertiv by 37.2% during the second quarter. GAMMA Investing LLC now owns 6,982 shares of the company’s stock worth $2,338,000 after buying an additional 1,893 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Vertiv by 9.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 9,718 shares of the company’s stock valued at $3,254,000 after buying an additional 815 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
Vertiv Price Performance
Shares of NYSE VRT opened at $275.29 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $301.67 and its two-hundred day moving average price is $280.38. The company has a market cap of $105.74 billion, a PE ratio of 62.28, a price-to-earnings-growth ratio of 1.14 and a beta of 2.06. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93.
Vertiv Announces Dividend
The business also recently disclosed 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. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s payout ratio is 5.66%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Robert W. Baird set a $320.00 price target on shares of Vertiv in a research note on Thursday, July 30th. TD Cowen boosted their price objective on shares of Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $368.00 price objective on shares of Vertiv in a report on Friday, July 31st. Fox Advisors raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Bank of America upped their target price on Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $337.33.
Check Out Our Latest Stock Report 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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