Vertiv Holdings Co (NYSE:VRT) Shares Sold by Axa S.A.

AXA S.A. cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 69.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,597 shares of the company's stock after selling 40,406 shares during the quarter. AXA S.A.'s holdings in Vertiv were worth $1,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the fourth quarter valued at about $597,379,000. Norges Bank acquired a new stake in shares of Vertiv in the 4th quarter worth approximately $391,777,000. Jennison Associates LLC increased its stake in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VRT shares. Citigroup decreased their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Trading Down 1.6 %

VRT traded down $1.57 during trading on Friday, hitting $94.17. 6,364,741 shares of the company's stock were exchanged, compared to its average volume of 9,013,115. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market cap of $35.89 billion, a P/E ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The stock has a 50 day moving average price of $80.47 and a 200 day moving average price of $106.24. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results 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 the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv's dividend payout ratio is currently 8.72%.

Insider Transactions at Vertiv

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

Vertiv 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.