Vertiv Holdings Co (NYSE:VRT) Position Increased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,628 shares of the company’s stock after purchasing an additional 79,336 shares during the period. Ensign Peak Advisors Inc owned 0.10% of Vertiv worth $42,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC lifted its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter worth $34,000. Finally, Pittenger & Anderson Inc. increased its position in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 1.6 %

Shares of VRT stock opened at $94.17 on Friday. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a fifty day moving average price of $80.47 and a 200 day moving average price of $106.26. The stock has a market cap of $35.89 billion, a P/E ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares in the company, 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 can be accessed through this link. 2.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They set a “hold” rating for the company. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.38.

Vertiv 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.