Canada Pension Plan Investment Board Takes Position in Vertiv Holdings Co (NYSE:VRT)

Canada Pension Plan Investment Board bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 153,729 shares of the company's stock, valued at approximately $17,465,000.

A number of other large investors also recently bought and sold shares of VRT. Fifth Third Bancorp lifted its position in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after buying an additional 85 shares during the period. Accurate Wealth Management LLC increased its stake in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after buying an additional 87 shares during the period. Horizon Investment Services LLC increased its stake in shares of Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after buying an additional 95 shares during the period. Finally, Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the topic of a number of recent research reports. Melius lowered shares of 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. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating on the stock. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $121.94.

Vertiv Price Performance

VRT traded up $6.48 on Thursday, hitting $84.48. 6,150,777 shares of the company were exchanged, compared to its average volume of 11,233,415. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The business's fifty day moving average is $82.01 and its 200 day moving average is $107.87. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a market capitalization of $32.17 billion, a P/E ratio of 66.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv's payout ratio is currently 11.72%.

Vertiv Company Profile

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.