Teacher Retirement System of Texas Decreases Stake in Vertiv Holdings Co (NYSE:VRT)

Teacher Retirement System of Texas cut its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 97.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,336 shares of the company's stock after selling 140,013 shares during the quarter. Teacher Retirement System of Texas' holdings in Vertiv were worth $379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Vertiv by 25.5% in the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company's stock worth $3,811,000 after acquiring an additional 7,783 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of Vertiv by 14.8% in the 3rd quarter. Townsquare Capital LLC now owns 4,990 shares of the company's stock worth $496,000 after purchasing an additional 642 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Vertiv by 22.9% in the 3rd quarter. Captrust Financial Advisors now owns 55,278 shares of the company's stock worth $5,500,000 after purchasing an additional 10,306 shares during the period. True Wealth Design LLC increased its position in shares of Vertiv by 2,340.0% during the 3rd quarter. True Wealth Design LLC now owns 366 shares of the company's stock valued at $36,000 after purchasing an additional 351 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Vertiv during the 3rd quarter valued at $495,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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Vertiv Stock Up 4.3 %

Shares of NYSE VRT traded up $3.09 during midday trading on Tuesday, reaching $75.29. 10,125,749 shares of the company's stock traded hands, compared to its average volume of 8,781,934. The company has a market cap of $28.67 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71. The stock's 50 day simple moving average is $101.47 and its 200-day simple moving average is $111.58. 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 Holdings Co has a one year low of $62.40 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the firm earned $0.56 earnings per share. On average, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend 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

A number of research firms recently commented on VRT. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $135.33.

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.