Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.80 Million Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 17.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,500 shares of the company's stock after selling 13,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Vertiv were worth $4,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC raised its position in shares of Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after acquiring an additional 97 shares during the last quarter. Utah Retirement Systems raised its position in shares of Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after acquiring an additional 100 shares during the last quarter. Wahed Invest LLC raised its position in shares of Vertiv by 1.2% during the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after acquiring an additional 105 shares during the last quarter. Ellevest Inc. raised its position in shares of Vertiv by 5.9% during the 4th quarter. Ellevest Inc. now owns 2,393 shares of the company's stock valued at $272,000 after acquiring an additional 133 shares during the last quarter. Finally, Commerce Bank raised its position in shares of Vertiv by 0.7% during the 1st quarter. Commerce Bank now owns 20,739 shares of the company's stock valued at $1,497,000 after acquiring an additional 134 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 41,654 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares in the company, valued at $2,529,590.08. This represents a 68.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE VRT opened at $132.86 on Friday. The firm has a market cap of $50.74 billion, a PE ratio of 63.57, a PEG ratio of 1.17 and a beta of 1.77. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a fifty day moving average price of $128.12 and a 200 day moving average price of $105.20.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a $0.0375 dividend. This represents a yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is currently 7.18%.

Analyst Upgrades and Downgrades

Several brokerages have commented on VRT. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Barclays set a $128.00 target price on shares of Vertiv and gave the company an "equal weight" rating in a research report on Thursday, July 31st. KGI Securities began coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Mizuho upped their target price on shares of Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, William Blair assumed coverage on shares of Vertiv in a report on Monday, July 28th. They issued an "outperform" rating for the company. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Vertiv presently has an average rating of "Buy" and an average price target of $144.06.

About Vertiv

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.

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