Vertiv Holdings Co (NYSE:VRT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 253,297 shares of the company's stock after selling 35,603 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Vertiv worth $28,777,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC raised its stake in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its position in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Vertiv during the fourth quarter valued at $217,000. Ibex Wealth Advisors purchased a new position in shares of Vertiv in the fourth quarter valued at about $7,583,000. Finally, PFG Investments LLC purchased a new position in shares of Vertiv in the fourth quarter valued at about $617,000. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRT. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Citigroup reduced their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Morgan Stanley reduced their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating on the stock. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $122.38.

Vertiv Trading Up 5.4%

Shares of NYSE:VRT traded up $5.64 during trading hours on Tuesday, hitting $109.78. 6,448,869 shares of the company's stock traded hands, compared to its average volume of 8,961,398. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The business has a fifty day moving average price of $84.89 and a 200-day moving average price of $105.52. The firm has a market capitalization of $41.84 billion, a P/E ratio of 85.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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

Vertiv Dividend Announcement

The company also recently declared 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 was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv's payout ratio is 8.72%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company'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 now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is owned by company insiders.

Vertiv Company 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.