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

Toronto Dominion Bank increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,629 shares of the company's stock after acquiring 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 quarter.

A number of other large investors have also bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Pittenger & Anderson Inc. raised its position in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VRT has been the subject of a number of recent research reports. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. JPMorgan Chase & Co. boosted their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $122.38.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $0.73 during trading on Friday, reaching $107.74. 6,931,195 shares of the stock were exchanged, compared to its average volume of 8,913,535. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a market cap of $41.06 billion, a PE ratio of 84.17, a PEG ratio of 1.07 and a beta of 1.70. The stock has a 50-day moving average price of $86.34 and a 200-day moving average price of $105.34. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

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. The business 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend 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 Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.63% of the stock is currently 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.