Teza Capital Management LLC Sells 11,616 Shares of Vertiv Holdings Co (NYSE:VRT)

Teza Capital Management LLC decreased its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,458 shares of the company's stock after selling 11,616 shares during the quarter. Teza Capital Management LLC's holdings in Vertiv were worth $279,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after purchasing an additional 146,463 shares in the last quarter. Grassi Investment Management bought a new position in Vertiv during the 4th quarter valued at about $1,380,000. Merit Financial Group LLC acquired a new position in Vertiv in the fourth quarter valued at about $730,000. Arkadios Wealth Advisors boosted its position in Vertiv by 9.3% in the fourth quarter. Arkadios Wealth Advisors now owns 6,236 shares of the company's stock valued at $709,000 after buying an additional 530 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in Vertiv by 13.3% during the fourth quarter. HB Wealth Management LLC now owns 4,498 shares of the company's stock worth $511,000 after buying an additional 528 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

Shares of VRT stock opened at $106.34 on Wednesday. The firm has a market cap of $40.53 billion, a price-to-earnings ratio of 83.08, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month 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 stock has a 50-day moving average price of $83.58 and a 200 day moving average price of $105.98.

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, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VRT. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $122.06.

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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