State of Wyoming Invests $263,000 in Vertiv Holdings Co (NYSE:VRT)

State of Wyoming purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,318 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter valued at $30,000. Tradewinds Capital Management LLC grew its position 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 purchasing an additional 111 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after purchasing an additional 150 shares during the period. Finally, Colonial Trust Co SC lifted its holdings in Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 0.5%

VRT opened at $104.16 on Friday. The business’s fifty day simple moving average is $84.20 and its 200 day simple moving average is $105.95. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market cap of $39.70 billion, a PE ratio of 81.38, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid 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 of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VRT shares. Citigroup reduced their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $100.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Cowen reiterated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price target on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.06.

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.