68,301 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by USS Investment Management Ltd

USS Investment Management Ltd purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 68,301 shares of the company's stock, valued at approximately $7,763,000.

Several other hedge funds have also recently made changes to their positions in the business. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the period. Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. Finally, Colonial Trust Co SC increased its stake in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on VRT. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Barclays reduced their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $122.06.

Vertiv Stock Performance

VRT traded down $0.12 during midday trading on Monday, reaching $104.08. The company had a trading volume of 3,965,121 shares, compared to its average volume of 8,971,456. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The business has a 50-day moving average price of $84.59 and a two-hundred day moving average price of $105.67. The stock has a market cap of $39.67 billion, a PE ratio of 81.31, a P/E/G 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 (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. Vertiv's revenue was up 24.2% on a year-over-year basis. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. 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 dividend payout ratio is presently 8.72%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the business'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 sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.63% of the stock is owned by corporate insiders.

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.