2,883 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Optas LLC

Optas LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,883 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB purchased a new position in Vertiv during the fourth quarter worth approximately $1,040,000. Xponance Inc. raised its stake in shares of Vertiv by 2.9% during the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after buying an additional 426 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Vertiv by 296.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after buying an additional 9,870 shares in the last quarter. California State Teachers Retirement System grew its stake in Vertiv by 58.8% in the 4th quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock valued at $26,312,000 after acquiring an additional 202,766 shares during the period. Finally, WT Asset Management Ltd acquired a new position in Vertiv during the fourth quarter worth $24,486,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction on Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now owns 9,324,181 shares in the company, valued at $873,116,308.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger Fradin sold 16,667 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the transaction, the director now directly owns 218,333 shares of the company’s stock, valued at approximately $22,676,065.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,162,739 shares of company stock worth $400,713,362. Company insiders own 5.01% of the company’s stock.

Vertiv Trading Down 0.4 %

Shares of VRT traded down $0.31 during midday trading on Friday, reaching $86.57. The company had a trading volume of 23,351,582 shares, compared to its average volume of 10,070,432. Vertiv Holdings Co has a 1-year low of $23.51 and a 1-year high of $109.27. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The firm has a 50 day simple moving average of $94.05 and a 200-day simple moving average of $74.59. The stock has a market cap of $32.41 billion, a PE ratio of 83.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.56.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Vertiv’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Vertiv Holdings Co will post 2.43 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is presently 9.62%.

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. Evercore ISI lifted their target price on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. The Goldman Sachs Group boosted their price objective on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Bank of America lifted their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Oppenheimer increased their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.11.

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.