Clearstead Advisors LLC raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 155.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,757 shares of the company’s stock after buying an additional 4,716 shares during the period. Clearstead Advisors LLC’s holdings in Vertiv were worth $1,170,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of VRT. Abundance Wealth Counselors raised its stake in Vertiv by 313.7% during the third quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock valued at $1,533,000 after purchasing an additional 7,708 shares in the last quarter. Union Bancaire Privee UBP SA increased its holdings in shares of Vertiv by 35.5% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock worth $41,126,000 after buying an additional 71,361 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of Vertiv by 272.7% during the 3rd quarter. Plato Investment Management Ltd now owns 8,825 shares of the company’s stock valued at $1,321,000 after buying an additional 6,457 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Vertiv by 5.5% in the 3rd 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. Finally, Westpac Banking Corp grew its position in Vertiv by 100.2% in 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 in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Vertiv Stock Up 3.4%
NYSE:VRT opened at $261.85 on Thursday. The company has a market cap of $100.18 billion, a price-to-earnings ratio of 76.79, a price-to-earnings-growth ratio of 1.27 and a beta of 2.08. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $264.86. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $191.06 and a 200-day simple moving average of $170.12.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and set a $270.00 price objective on shares of Vertiv in a research report on Thursday, February 12th. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $281.00 price target on shares of Vertiv in a research report on Thursday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Finally, Mizuho raised their target price on shares of Vertiv from $198.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.28.
Read Our Latest Research Report on Vertiv
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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