Vertiv Holdings Co (NYSE:VRT) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 38.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,753 shares of the company's stock after selling 74,239 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Vertiv were worth $13,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the fourth quarter valued at approximately $597,379,000. Norges Bank acquired a new position in shares of Vertiv during the fourth quarter valued at approximately $391,777,000. Jennison Associates LLC increased its stake in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating on the stock. Melius Research reiterated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley reduced their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Trading Up 7.3%

Vertiv stock opened at $100.96 on Tuesday. The company has a 50 day moving average price of $80.73 and a 200 day moving average price of $106.14. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. 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 firm has a market capitalization of $38.48 billion, a price-to-earnings ratio of 78.88, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company 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 revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Research analysts forecast 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. 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 dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.63% of the company's stock.

About Vertiv

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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