California State Teachers Retirement System Sells 22,521 Shares of Vertiv Holdings Co (NYSE:VRT)

California State Teachers Retirement System cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 562,183 shares of the company's stock after selling 22,521 shares during the period. California State Teachers Retirement System owned about 0.15% of Vertiv worth $63,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its position in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after buying an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after acquiring an additional 85 shares in the last quarter. Horizon Investment Services LLC raised its stake in Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after acquiring an additional 97 shares during the last quarter. Finally, Utah Retirement Systems boosted its stake in shares of Vertiv by 0.3% in the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after purchasing an additional 100 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other 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 completion of the sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.63% of the stock is owned by corporate insiders.

Vertiv Trading Down 0.7%

Vertiv stock traded down $0.73 during mid-day trading on Friday, hitting $107.74. 6,931,195 shares of the stock were exchanged, compared to its average volume of 8,913,535. The stock has a market capitalization of $41.06 billion, a price-to-earnings ratio of 84.17, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month 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 firm's fifty day simple moving average is $86.34 and its two-hundred day simple moving average is $105.09.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 8.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VRT shares. Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Finally, Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

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.