California Public Employees Retirement System lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 588,160 shares of the company's stock after selling 41,487 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of Vertiv worth $66,821,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of VRT. Silverleafe Capital Partners LLC purchased a new position in Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC grew its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd raised its position in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after purchasing an additional 936,698 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.
Vertiv Price Performance
Shares of VRT traded down $9.60 on Thursday, reaching $67.51. The stock had a trading volume of 14,027,832 shares, compared to its average volume of 8,807,997. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The firm has a market capitalization of $25.71 billion, a PE ratio of 52.74, a PEG ratio of 1.07 and a beta of 1.71. The firm has a 50-day moving average of $98.69 and a 200 day moving average of $111.27. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the company earned $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv's dividend payout ratio is presently 11.72%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Finally, Melius Research reaffirmed a "hold" rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.33.
View Our Latest Report on VRT
About Vertiv
(
Free Report)
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.
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