Total Clarity Wealth Management Inc. decreased its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 33.5% during the 1st quarter, Holdings Channel reports. The firm owned 7,998 shares of the company’s stock after selling 4,029 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Vertiv were worth $2,004,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of VRT. Empowered Funds LLC raised its position in shares of Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after purchasing an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Vertiv in the 2nd quarter worth about $567,000. Cary Street Partners Financial LLC boosted its holdings in Vertiv by 19.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after buying an additional 230 shares during the last quarter. Bank of Nova Scotia increased its stake in Vertiv by 49.7% during the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after buying an additional 9,712 shares in the last quarter. Finally, Ossiam purchased a new stake in Vertiv during the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Price Performance
NYSE:VRT opened at $357.93 on Tuesday. Vertiv Holdings Co. has a one year low of $110.06 and a one year high of $379.93. The stock has a market cap of $137.48 billion, a PE ratio of 89.93, a P/E/G ratio of 1.44 and a beta of 2.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The stock has a 50 day moving average price of $322.97 and a 200 day moving average price of $251.27.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is currently 6.28%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. HSBC initiated coverage on Vertiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $325.00 target price on the stock. Evercore reissued an “outperform” rating and issued a $425.00 price objective on shares of Vertiv in a research note on Tuesday, May 12th. Roth Mkm restated a “buy” rating and issued a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $260.00 target price (down from $280.00) on shares of Vertiv in a report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.39.
View Our Latest Research Report 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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