iA Global Asset Management Inc. Cuts Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

iA Global Asset Management Inc. trimmed its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 76.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,974 shares of the company's stock after selling 13,006 shares during the quarter. iA Global Asset Management Inc.'s holdings in Vertiv were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VRT. National Bank of Canada FI boosted its position in shares of Vertiv by 58.0% during the 4th quarter. National Bank of Canada FI now owns 9,740 shares of the company's stock valued at $1,107,000 after purchasing an additional 3,576 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Vertiv by 7.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 465,535 shares of the company's stock worth $52,889,000 after buying an additional 32,086 shares during the period. Cerity Partners LLC boosted its holdings in Vertiv by 8.7% in the fourth quarter. Cerity Partners LLC now owns 48,622 shares of the company's stock worth $5,444,000 after acquiring an additional 3,893 shares in the last quarter. Bank of Montreal Can boosted its holdings in Vertiv by 31.0% in the fourth quarter. Bank of Montreal Can now owns 267,629 shares of the company's stock worth $30,405,000 after acquiring an additional 63,348 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in shares of Vertiv during the fourth quarter valued at about $568,000. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 0.4%

Shares of NYSE VRT traded up $0.51 during mid-day trading on Friday, hitting $139.90. The stock had a trading volume of 3,728,787 shares, compared to its average volume of 7,917,655. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The firm has a market cap of $53.32 billion, a P/E ratio of 66.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.77. The business has a 50 day moving average price of $125.64 and a two-hundred day moving average price of $105.00. 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 released its earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company's quarterly revenue was up 35.1% on a year-over-year basis. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a dividend yield of 14.0%. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is 7.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VRT. Citigroup increased their price target on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research report on Tuesday, July 8th. William Blair initiated coverage on shares of Vertiv in a research note on Monday, July 28th. They set an "outperform" rating for the company. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada lifted their target price on Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.06.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the firm's 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 sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.