Public Employees Retirement Association of Colorado Acquires 168,644 Shares of Vertiv Holdings Co (NYSE:VRT)

Public Employees Retirement Association of Colorado increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 457.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 205,486 shares of the company's stock after purchasing an additional 168,644 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.05% of Vertiv worth $23,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Shorepoint Capital Partners LLC acquired a new position in Vertiv in the 4th quarter valued at about $1,210,000. Aquatic Capital Management LLC grew its position in shares of Vertiv by 448.4% during the 4th quarter. Aquatic Capital Management LLC now owns 215,539 shares of the company's stock worth $24,487,000 after purchasing an additional 176,239 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $12,401,000. Virtus ETF Advisers LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $1,151,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $2,855,000. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on VRT shares. JPMorgan Chase & Co. cut their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. KGI Securities started coverage on Vertiv in a report on Thursday. They set a "hold" rating for the company. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. The Goldman Sachs Group lowered their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Trading Down 0.9 %

Shares of NYSE VRT traded down $0.82 during trading on Monday, reaching $86.13. The company had a trading volume of 8,861,150 shares, compared to its average volume of 8,988,314. The company's fifty day moving average price is $80.62 and its 200-day moving average price is $107.39. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $32.80 billion, a P/E ratio of 67.29, a PEG ratio of 1.07 and a beta of 1.71. 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 released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business's revenue was up 24.2% on a year-over-year basis. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

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.