Vertiv Holdings Co. $VRT Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 25.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519,797 shares of the company’s stock after acquiring an additional 106,890 shares during the quarter. Strs Ohio’s holdings in Vertiv were worth $78,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after purchasing an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Vertiv during the second quarter valued at about $567,000. Park Avenue Securities LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $1,628,000. GAMMA Investing LLC lifted its holdings in shares of Vertiv by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,893 shares of the company’s stock worth $371,000 after acquiring an additional 351 shares during the last quarter. Finally, Accurate Wealth Management LLC acquired a new position in shares of Vertiv in the 2nd quarter worth approximately $272,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VRT. Barclays raised Vertiv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $181.00 to $200.00 in a research report on Friday, January 2nd. Roth Mkm reiterated a “buy” rating and issued a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. UBS Group raised their target price on Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 9th. Finally, The Goldman Sachs Group increased their price target on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.89.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of Vertiv stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the sale, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. The trade was a 57.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.63% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $180.94 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The company has a market cap of $69.18 billion, a price-to-earnings ratio of 68.28, a price-to-earnings-growth ratio of 1.09 and a beta of 2.06. The stock’s 50-day moving average is $170.50 and its two-hundred day moving average is $156.27. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $202.45.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is currently 9.43%.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.