Quantinno Capital Management LP Purchases 11,330 Shares of Vertiv Holdings Co (NYSE:VRT)

Quantinno Capital Management LP raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,539 shares of the company’s stock after acquiring an additional 11,330 shares during the period. Quantinno Capital Management LP’s holdings in Vertiv were worth $9,264,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its stake 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 buying an additional 111 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Vertiv in the fourth quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

NYSE VRT opened at $105.69 on Friday. The firm has a market cap of $40.28 billion, a price-to-earnings ratio of 82.57, a PEG ratio of 1.07 and a beta of 1.70. The company has a 50 day moving average of $82.24 and a 200-day moving average of $106.10. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company 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. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a “hold” rating for the company. Cowen reiterated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.38.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

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.