Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 18.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,466 shares of the company's stock after purchasing an additional 4,026 shares during the period. New York State Teachers Retirement System's holdings in Vertiv were worth $1,839,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Colonial Trust Co SC increased its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares during the period. Ameriflex Group Inc. acquired a new stake in Vertiv during the fourth quarter worth about $37,000. TD Private Client Wealth LLC grew its holdings in Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after acquiring an additional 223 shares during the period. BNP Paribas acquired a new stake in Vertiv during the fourth quarter worth about $45,000. Finally, North Star Investment Management Corp. grew its holdings in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider owned 18,847 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Vertiv Trading Up 2.2%

Vertiv stock traded up $2.69 during trading on Friday, reaching $123.41. 7,213,904 shares of the company were exchanged, compared to its average volume of 8,615,866. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market capitalization of $47.03 billion, a P/E ratio of 71.75, a PEG ratio of 1.28 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The stock's 50 day simple moving average is $112.29 and its two-hundred day simple moving average is $103.73.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. On average, equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is 8.72%.

Analyst Ratings Changes

Several analysts recently commented on VRT shares. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a report on Thursday. Wolfe Research reaffirmed an "outperform" rating and set a $155.00 target price on shares of Vertiv in a report on Thursday. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from $134.00 to $165.00 in a report on Tuesday. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Finally, Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $134.24.

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.