Investment Management Corp of Ontario Has $2.72 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Investment Management Corp of Ontario trimmed its stake in Vertiv Holdings Co (NYSE:VRT) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,942 shares of the company’s stock after selling 10,918 shares during the period. Investment Management Corp of Ontario’s holdings in Vertiv were worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv during the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.63% of the stock is owned by corporate insiders.

Vertiv Trading Down 1.6%

Shares of NYSE VRT opened at $94.17 on Monday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market cap of $35.89 billion, a PE ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average of $80.47 and a two-hundred day moving average of $106.22.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 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 analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.43 EPS. Vertiv’s revenue was up 24.2% on a year-over-year basis. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is 8.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VRT. Citigroup cut their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a 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. Evercore ISI cut their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Cowen reissued a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price 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.