Ethic Inc. Grows Holdings in Vertiv Holdings Co (NYSE:VRT)

Ethic Inc. increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,850 shares of the company’s stock after acquiring an additional 4,427 shares during the quarter. Ethic Inc.’s holdings in Vertiv were worth $4,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter valued at $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC raised its holdings in Vertiv by 61.3% in 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 during the last quarter. FNY Investment Advisers LLC purchased a new position in Vertiv in the fourth quarter worth about $34,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was 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 represents a 22.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Performance

NYSE:VRT opened at $94.17 on Friday. 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 stock has a 50-day simple moving average of $80.47 and a two-hundred day simple moving average of $106.24. The firm has a market capitalization of $35.89 billion, a PE ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last released its 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. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 8.72%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Cowen restated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective on the stock. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus 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.