Ontario Teachers Pension Plan Board Purchases New Holdings in Vertiv Holdings Co (NYSE:VRT)

Ontario Teachers Pension Plan Board purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,208 shares of the company's stock, valued at approximately $1,501,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Silverleafe Capital Partners LLC purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC lifted its stake in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Nordea Investment Management AB boosted its position in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Vertiv in the fourth quarter valued at about $217,000. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded up $1.59 during midday trading on Friday, hitting $73.24. 9,294,650 shares of the company were exchanged, compared to its average volume of 9,036,926. 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 $27.89 billion, a PE ratio of 57.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a fifty day simple moving average of $84.24 and a two-hundred day simple moving average of $108.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the company posted $0.56 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv's dividend payout ratio is presently 11.72%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays cut their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $121.94.

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.