Vertiv Holdings Co (NYSE:VRT) Stake Trimmed by Voya Investment Management LLC

Voya Investment Management LLC cut its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 35.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 570,211 shares of the company's stock after selling 317,302 shares during the quarter. Voya Investment Management LLC owned 0.15% of Vertiv worth $64,782,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its stake in Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after purchasing an additional 146,463 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Vertiv in the third quarter worth $1,230,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vertiv during the third quarter valued at $584,000. Blankinship & Foster LLC acquired a new position in Vertiv during the third quarter valued at $8,798,000. Finally, B. Riley Wealth Advisors Inc. raised its position in Vertiv by 18.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock valued at $660,000 after buying an additional 1,021 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on VRT. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. KGI Securities started coverage on shares of Vertiv in a research report on Thursday. They issued a "hold" rating for the company. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday. Finally, Melius Research reiterated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Stock Up 7.4 %

VRT opened at $83.75 on Friday. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. 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 has a 50 day moving average price of $81.52 and a 200 day moving average price of $107.71. The firm has a market cap of $31.89 billion, a P/E ratio of 65.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current 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 paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. Vertiv's payout ratio 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.

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