Voya Investment Management LLC Sells 317,302 Shares of Vertiv Holdings Co (NYSE:VRT)

Voya Investment Management LLC reduced its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 35.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 570,211 shares of the company's stock after selling 317,302 shares during the quarter. Voya Investment Management LLC owned approximately 0.15% of Vertiv worth $64,782,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VRT. Barclays PLC grew its stake in shares of Vertiv by 51.4% during the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after acquiring an additional 146,463 shares in the last quarter. World Investment Advisors LLC acquired a new position in Vertiv during the third quarter worth $1,230,000. Wilmington Savings Fund Society FSB acquired a new position in Vertiv during the third quarter worth $584,000. Blankinship & Foster LLC acquired a new position in Vertiv during the third quarter worth $8,798,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Vertiv by 18.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after buying an additional 1,021 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Down 0.4 %

NYSE VRT traded down $0.35 during mid-day trading on Tuesday, reaching $85.80. 2,081,544 shares of the stock were exchanged, compared to its average volume of 8,961,188. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The stock has a 50 day simple moving average of $80.62 and a 200-day simple moving average of $107.39. The stock has a market cap of $32.67 billion, a P/E ratio of 66.84, a P/E/G ratio of 1.07 and a beta of 1.71. 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for 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 business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Morgan Stanley decreased their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday. Finally, KGI Securities assumed coverage on shares of Vertiv in a research report on Thursday. They set a "hold" rating on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vertiv 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.