Dakota Wealth Management grew its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 753.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,467 shares of the company’s stock after purchasing an additional 36,608 shares during the period. Dakota Wealth Management’s holdings in Vertiv were worth $6,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in VRT. Abundance Wealth Counselors grew its stake in shares of Vertiv by 313.7% in the 3rd quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock valued at $1,533,000 after buying an additional 7,708 shares during the period. Union Bancaire Privee UBP SA raised its position in shares of Vertiv by 35.5% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock valued at $41,126,000 after buying an additional 71,361 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in Vertiv by 5.5% in the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock valued at $21,588,000 after acquiring an additional 7,400 shares during the last quarter. Plato Investment Management Ltd grew its position in Vertiv by 272.7% in the third quarter. Plato Investment Management Ltd now owns 8,825 shares of the company’s stock worth $1,321,000 after acquiring an additional 6,457 shares during the period. Finally, Westpac Banking Corp increased its stake in Vertiv by 100.2% during the second quarter. Westpac Banking Corp now owns 12,812 shares of the company’s stock worth $1,645,000 after acquiring an additional 6,411 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Trading Up 3.1%
Shares of VRT stock opened at $253.11 on Wednesday. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $255.54. The company has a 50 day moving average price of $188.82 and a 200 day moving average price of $169.47. The stock has a market capitalization of $96.84 billion, a P/E ratio of 74.23, a price-to-earnings-growth ratio of 1.23 and a beta of 2.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.55.
Analysts Set New Price Targets
VRT has been the topic of several recent analyst reports. Barclays upped their price target on Vertiv from $200.00 to $281.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Zacks Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wolfe Research lowered shares of Vertiv from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 9th. Weiss Ratings raised shares of Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Vertiv from $200.00 to $266.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.28.
Get Our Latest Stock Report on VRT
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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