Vertiv Holdings Co (NYSE:VRT) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 67.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,604 shares of the company's stock after selling 17,692 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Vertiv were worth $978,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VRT. Barclays PLC boosted its holdings in shares of Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after purchasing an additional 146,463 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Vertiv by 430.5% in the 3rd quarter. Principal Financial Group Inc. now owns 165,557 shares of the company's stock worth $16,471,000 after purchasing an additional 134,349 shares during the period. Wedmont Private Capital boosted its holdings in shares of Vertiv by 8.8% in the 4th quarter. Wedmont Private Capital now owns 2,268 shares of the company's stock worth $258,000 after purchasing an additional 183 shares during the period. Grassi Investment Management purchased a new position in shares of Vertiv in the 4th quarter worth approximately $1,380,000. Finally, Accurate Wealth Management LLC boosted its holdings in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 0.6%

Shares of VRT stock traded up $0.63 during mid-day trading on Friday, hitting $106.01. The stock had a trading volume of 5,133,281 shares, compared to its average volume of 9,034,180. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market capitalization of $40.40 billion, a P/E ratio of 82.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The firm's 50-day moving average is $82.70 and its two-hundred day moving average is $106.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results 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 business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business earned $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 8.72%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VRT. JPMorgan Chase & Co. lifted their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Finally, Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Five investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.06.

Insiders Place Their Bets

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 document filed with the SEC, which is available through this link. Company insiders own 5.01% of the company's stock.

Vertiv 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.