Vertiv Holdings Co (NYSE:VRT) Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,474 shares of the company's stock after selling 24,260 shares during the period. Vestcor Inc's holdings in Vertiv were worth $1,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group purchased a new position in Vertiv during the 3rd quarter worth $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 4.9 %

Shares of VRT traded down $4.39 on Tuesday, hitting $84.65. 6,131,856 shares of the stock traded hands, compared to its average volume of 8,588,833. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock's 50 day moving average is $110.79 and its two-hundred day moving average is $111.17. The firm has a market capitalization of $32.23 billion, a P/E ratio of 66.13, a P/E/G 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.

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Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.56 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. Vertiv's payout ratio is currently 11.72%.

Analysts Set New Price Targets

VRT has been the subject of several analyst reports. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. 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 objective on the stock. JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Finally, Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.07.

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.