Clarus Wealth Advisors acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,788 shares of the company’s stock, valued at approximately $1,839,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Vertiv by 58.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after buying an additional 56 shares during the period. Sankala Group LLC acquired a new position in shares of Vertiv in the fourth quarter worth $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 worth $27,000 after acquiring an additional 112 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Vertiv during the fourth quarter worth $27,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Vertiv by 98.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Stock Down 0.9%
VRT stock opened at $256.48 on Wednesday. The firm has a market cap of $98.74 billion, a PE ratio of 58.03, a PEG ratio of 1.06 and a beta of 2.07. Vertiv Holdings Co. has a 1 year low of $118.70 and a 1 year high of $379.93. The company has a fifty day simple moving average of $285.51 and a 200 day simple moving average of $290.50. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on VRT. Oppenheimer reissued an “outperform” rating and set a $325.00 price objective on shares of Vertiv in a research report on Thursday, July 30th. Bank of America upped their target price on Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $368.00 price target on shares of Vertiv in a research note on Friday, July 31st. Roth Capital reiterated a “buy” rating and set a $355.00 price target on shares of Vertiv in a report on Thursday, May 21st. Finally, Citigroup lowered their price target on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $357.83.
Vertiv Company 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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