Public Employees Retirement Association of Colorado Purchases 168,644 Shares of Vertiv Holdings Co (NYSE:VRT)

Public Employees Retirement Association of Colorado raised its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 457.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,486 shares of the company's stock after buying an additional 168,644 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.05% of Vertiv worth $23,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the fourth quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake 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 approximately $34,000. Finally, Pittenger & Anderson Inc. grew its position in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

NYSE VRT traded down $0.84 during trading on Wednesday, reaching $85.35. 8,875,377 shares of the company traded hands, compared to its average volume of 11,249,258. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock's 50 day moving average price is $80.26 and its two-hundred day moving average price is $107.24. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market cap of $32.50 billion, a price-to-earnings ratio of 66.68, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results 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 firm 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 business's revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced 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 0.18%. Vertiv's payout ratio is 8.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research analyst reports. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Five equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.38.

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.