Ensign Peak Advisors Inc Has $42.79 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Ensign Peak Advisors Inc boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 376,628 shares of the company's stock after acquiring an additional 79,336 shares during the period. Ensign Peak Advisors Inc owned 0.10% of Vertiv worth $42,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its holdings in 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 buying an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. increased 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 valued at $36,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Up 7.3%

Shares of NYSE:VRT traded up $6.90 during trading on Monday, reaching $100.96. 8,941,937 shares of the company traded hands, compared to its average volume of 9,012,861. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The firm has a fifty day simple moving average of $80.47 and a 200 day simple moving average of $106.22. The firm has a market cap of $38.48 billion, a P/E ratio of 78.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.15%. Vertiv's dividend payout ratio is presently 8.72%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VRT shares. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Morgan Stanley lowered their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Finally, Citigroup decreased their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently 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.