Ethic Inc. Acquires 4,427 Shares of Vertiv Holdings Co (NYSE:VRT)

Ethic Inc. grew its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,850 shares of the company's stock after purchasing an additional 4,427 shares during the quarter. Ethic Inc.'s holdings in Vertiv were worth $4,982,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. First Manhattan CO. LLC. boosted its position in Vertiv by 58.5% during the fourth quarter. First Manhattan CO. LLC. now owns 396,259 shares of the company's stock worth $46,527,000 after purchasing an additional 146,326 shares during the period. FWL Investment Management LLC boosted its holdings in shares of Vertiv by 5.8% during the fourth quarter. FWL Investment Management LLC now owns 9,225 shares of the company's stock worth $1,048,000 after acquiring an additional 502 shares during the period. Clark Capital Management Group Inc. raised its stake in Vertiv by 20.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 51,233 shares of the company's stock worth $5,821,000 after purchasing an additional 8,545 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Vertiv by 5.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,167,087 shares of the company's stock worth $132,593,000 after acquiring an additional 59,718 shares during the period. Finally, Colonial Trust Co SC lifted its position in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Morgan Stanley decreased their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Finally, Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Insider Activity 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 stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.63% of the stock is owned by insiders.

Vertiv Stock Up 7.3%

Shares of NYSE VRT traded up $6.90 during trading on Monday, hitting $100.96. 8,941,937 shares of the company traded hands, compared to its average volume of 9,012,864. The firm has a market capitalization of $38.48 billion, a price-to-earnings ratio of 78.88, a P/E/G ratio of 1.07 and a beta of 1.70. The business's fifty day moving average is $80.47 and its 200 day moving average is $106.22. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

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.