68,301 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by USS Investment Management Ltd

USS Investment Management Ltd acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 68,301 shares of the company’s stock, valued at approximately $7,763,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Vertiv by 3.5% in 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 in the last quarter. Jennison Associates LLC raised its holdings in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC lifted its position in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the 4th quarter valued at approximately $597,379,000. Finally, Wellington Management Group LLP increased its position in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after purchasing an additional 990,361 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRT has been the subject of a number of analyst reports. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Finally, Citigroup decreased their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Five research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.06.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company’s 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 transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.63% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $103.58 on Thursday. The company has a 50-day moving average of $83.90 and a two-hundred day moving average of $105.96. The stock has a market cap of $39.47 billion, a P/E ratio of 80.92, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is currently 8.72%.

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.