California Public Employees Retirement System Sells 20,949 Shares of Vertiv Holdings Co (NYSE:VRT)

California Public Employees Retirement System lessened its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 631,958 shares of the company's stock after selling 20,949 shares during the quarter. California Public Employees Retirement System owned 0.17% of Vertiv worth $30,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC boosted its holdings in Vertiv by 90.5% during the third quarter. CWM LLC now owns 4,231 shares of the company's stock worth $157,000 after purchasing an additional 2,010 shares during the last quarter. Global Retirement Partners LLC raised its position in Vertiv by 30.0% during the third quarter. Global Retirement Partners LLC now owns 1,588 shares of the company's stock worth $61,000 after acquiring an additional 366 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Vertiv during the third quarter worth $2,241,000. Cambridge Investment Research Advisors Inc. raised its position in Vertiv by 5.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company's stock worth $1,789,000 after acquiring an additional 2,548 shares in the last quarter. Finally, Xponance Inc. raised its position in Vertiv by 4.1% during the third quarter. Xponance Inc. now owns 14,558 shares of the company's stock worth $542,000 after acquiring an additional 577 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insiders Place Their Bets

In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company's stock, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company's stock.

Vertiv Price Performance

Shares of VRT traded up $3.14 during mid-day trading on Friday, reaching $93.49. The company had a trading volume of 15,253,921 shares, compared to its average volume of 9,615,165. The company's 50 day simple moving average is $76.51 and its 200 day simple moving average is $57.70. The company has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a P/E/G ratio of 1.49 and a beta of 1.59. Vertiv Holdings Co has a 1-year low of $13.73 and a 1-year high of $95.32. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned $0.24 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Vertiv Holdings Co will post 2.38 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv's payout ratio is 9.62%.

Analysts Set New Price Targets

VRT has been the topic of several analyst reports. Oppenheimer upped their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday. Evercore ISI increased their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday. Bank of America increased their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Mizuho increased their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $81.11.

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.