Toronto Dominion Bank Has $5.30 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Toronto Dominion Bank boosted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,629 shares of the company's stock after purchasing an additional 3,108 shares during the period. Toronto Dominion Bank's holdings in Vertiv were worth $5,298,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VRT. Barclays PLC raised its holdings in Vertiv by 51.4% during the third quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after buying an additional 146,463 shares in the last quarter. Grassi Investment Management bought a new position in Vertiv during the fourth quarter valued at about $1,380,000. Merit Financial Group LLC bought a new position in Vertiv during the fourth quarter valued at about $730,000. HB Wealth Management LLC raised its holdings in Vertiv by 13.3% during the fourth quarter. HB Wealth Management LLC now owns 4,498 shares of the company's stock valued at $511,000 after buying an additional 528 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Vertiv during the fourth quarter valued at about $497,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Down 2.6%

Shares of VRT opened at $103.58 on Thursday. 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 firm has a market capitalization of $39.47 billion, a price-to-earnings ratio of 80.92, a P/E/G ratio of 1.07 and a beta of 1.70. The stock's 50-day moving average price is $83.90 and its 200 day moving average price is $105.96.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The company's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. 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 payout ratio is 8.72%.

Analysts Set New Price Targets

Several research firms have weighed in on VRT. Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. KGI Securities started coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Morgan Stanley dropped their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Citigroup dropped their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Five investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.06.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred 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 sale, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.63% of the company's stock.

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.

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