USS Investment Management Ltd Makes New $7.76 Million Investment in Vertiv Holdings Co (NYSE:VRT)

USS Investment Management Ltd purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 68,301 shares of the company's stock, valued at approximately $7,763,000.

Several other institutional investors have also modified their holdings of VRT. Voloridge Investment Management LLC boosted its holdings in Vertiv by 370.7% in the fourth quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock valued at $69,005,000 after purchasing an additional 478,350 shares during the period. Whale Rock Capital Management LLC raised its position in Vertiv by 7.5% in the 4th quarter. Whale Rock Capital Management LLC now owns 1,193,773 shares of the company's stock valued at $135,625,000 after purchasing an additional 82,939 shares in the last quarter. Williams Jones Wealth Management LLC. raised its position in Vertiv by 2.3% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 317,694 shares of the company's stock valued at $36,093,000 after purchasing an additional 7,123 shares in the last quarter. Zimmer Partners LP boosted its stake in shares of Vertiv by 42.9% in the 4th quarter. Zimmer Partners LP now owns 50,000 shares of the company's stock valued at $5,680,000 after buying an additional 15,000 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Vertiv by 197.5% during the fourth quarter. Vident Advisory LLC now owns 23,434 shares of the company's stock worth $2,662,000 after buying an additional 15,558 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Down 2.6%

Vertiv stock opened at $103.58 on Thursday. The company has a market capitalization of $39.47 billion, a P/E ratio of 80.92, a PEG ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock has a 50-day simple moving average of $83.90 and a 200-day simple moving average of $105.96.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during 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 firm's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid 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 dividend payout ratio is currently 8.72%.

Wall Street Analysts Forecast Growth

VRT has been the topic of several analyst reports. The Goldman Sachs Group reduced their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.06.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.63% of the stock is currently owned by 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.

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