Investment Management Corp of Ontario lessened its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,942 shares of the company's stock after selling 10,918 shares during the quarter. Investment Management Corp of Ontario's holdings in Vertiv were worth $2,720,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC raised its holdings in Vertiv by 61.3% in the 4th 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. FNY Investment Advisers LLC acquired a new position in Vertiv in the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. raised its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on VRT. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $120.38.
Get Our Latest Stock Analysis on Vertiv
Vertiv Trading Up 3.4%
Vertiv stock traded up $3.55 during mid-day trading on Wednesday, hitting $109.13. The company's stock had a trading volume of 9,595,767 shares, compared to its average volume of 9,049,877. The firm has a market capitalization of $41.59 billion, a PE ratio of 85.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock's fifty day moving average is $81.20 and its two-hundred day moving average is $106.13.
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, topping 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 company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 (DPR) is 8.72%.
Insiders Place Their Bets
In other Vertiv 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is owned by insiders.
Vertiv Company Profile
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Free Report)
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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