Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Vertiv Holdings Co (NYSE:VRT) by 16.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,539 shares of the company’s stock after purchasing an additional 11,330 shares during the period. Quantinno Capital Management LP’s holdings in Vertiv were worth $9,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the fourth quarter worth approximately $597,379,000. Norges Bank acquired a new stake in Vertiv in the fourth quarter worth approximately $391,777,000. Jennison Associates LLC lifted its position in Vertiv by 68.6% in 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 during the period. Arrowstreet Capital Limited Partnership lifted its position in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. lifted its position in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 3.5%

NYSE VRT opened at $105.69 on Friday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year 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. The company has a market capitalization of $40.28 billion, a PE ratio of 82.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The firm’s fifty day simple moving average is $82.24 and its 200-day simple moving average is $106.10.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Vertiv’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. Citigroup cut their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 14th. KGI Securities started coverage on Vertiv in a research report on Thursday, April 24th. They set a “hold” rating for the company. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective for the company. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Finally, Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.38.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction 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 transaction, the insider now directly 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 filing with the SEC, which is available through the SEC website. Company insiders own 5.01% of the company’s stock.

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.