Teacher Retirement System of Texas Has $7.15 Million Stake in Vertiv Holdings Co. $VRT

Teacher Retirement System of Texas lowered its stake in Vertiv Holdings Co. (NYSE:VRT) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,389 shares of the company’s stock after selling 7,512 shares during the period. Teacher Retirement System of Texas’ holdings in Vertiv were worth $7,149,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VRT. Financial Management Professionals Inc. boosted its position in Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after purchasing an additional 156 shares during the period. Promus Capital LLC acquired a new stake in shares of Vertiv in the second quarter worth $26,000. Pacer Advisors Inc. boosted its holdings in shares of Vertiv by 67.6% during the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after buying an additional 69 shares during the period. Avion Wealth grew its stake in Vertiv by 99.1% in the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in Vertiv by 54.0% in the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VRT shares. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. cut their price objective on Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. The Goldman Sachs Group increased their target price on Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Morgan Stanley lifted their price target on Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Evercore ISI increased their price objective on Vertiv from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. The trade was a 57.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.01% of the stock is owned by corporate insiders.

Vertiv Price Performance

Shares of VRT stock opened at $180.89 on Tuesday. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45. The company has a market capitalization of $69.16 billion, a P/E ratio of 68.26, a P/E/G ratio of 1.12 and a beta of 2.06. The stock has a 50 day moving average of $171.03 and a two-hundred day moving average of $157.50. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, November 25th. Vertiv’s dividend payout ratio (DPR) is 9.43%.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.