Public Employees Retirement System of Ohio Sells 35,603 Shares of Vertiv Holdings Co (NYSE:VRT)

Public Employees Retirement System of Ohio cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.07% of Vertiv worth $28,777,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after acquiring an additional 146,463 shares during the last quarter. Grassi Investment Management purchased a new stake in shares of Vertiv in the 4th quarter worth about $1,380,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Vertiv by 57.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 588 shares of the company's stock worth $67,000 after buying an additional 215 shares during the period. Atomi Financial Group Inc. grew its position in Vertiv by 9.4% during the 4th quarter. Atomi Financial Group Inc. now owns 3,358 shares of the company's stock valued at $382,000 after purchasing an additional 289 shares during the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in Vertiv during the 4th quarter valued at about $243,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Vertiv stock traded up $0.22 during mid-day trading on Thursday, hitting $109.44. 3,539,544 shares of the company's stock traded hands, compared to its average volume of 8,924,982. Vertiv Holdings Co has a one year low of $53.60 and a one year 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 has a 50 day moving average price of $85.72 and a 200 day moving average price of $105.58. The company has a market cap of $41.71 billion, a PE ratio of 85.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

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

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analyst Ratings Changes

VRT has been the topic of a number of recent analyst reports. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Citigroup cut their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Barclays decreased their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Finally, The Goldman Sachs Group cut their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.38.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.63% of the company's stock.

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.