Vertiv Holdings Co (NYSE:VRT – Get Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $64.47 and last traded at $64.47, with a volume of 31972 shares changing hands. The stock had previously closed at $63.52.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. Citigroup increased their price target on Vertiv from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 11th. The Goldman Sachs Group raised their price target on shares of Vertiv from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, Mizuho increased their price objective on shares of Vertiv from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.33.
Vertiv Trading Up 1.5 %
The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.71. The firm’s 50-day simple moving average is $50.90 and its 200-day simple moving average is $42.60. The firm has a market capitalization of $24.59 billion, a PE ratio of 97.72, a price-to-earnings-growth ratio of 0.53 and a beta of 1.54.
Vertiv Increases Dividend
The company also recently announced an annual dividend, which was paid on Wednesday, December 27th. Investors of record on Monday, December 11th were paid a $0.025 dividend. This represents a dividend yield of 0.1%. This is an increase from Vertiv’s previous annual dividend of $0.01. The ex-dividend date was Friday, December 8th. Vertiv’s payout ratio is presently 4.62%.
Institutional Investors Weigh In On Vertiv
Several institutional investors have recently added to or reduced their stakes in VRT. Quadrant Capital Group LLC boosted its holdings in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in Vertiv by 1.0% in the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after purchasing an additional 205 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in Vertiv by 0.8% during the 3rd quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company’s stock valued at $1,099,000 after buying an additional 246 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Vertiv by 30.0% in the third quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock valued at $61,000 after acquiring an additional 366 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 409 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.
About Vertiv
Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.