Vertiv Holdings Co (NYSE:VRT) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,224 shares of the company’s stock after purchasing an additional 894 shares during the period. Gotham Asset Management LLC’s holdings in Vertiv were worth $11,500,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC boosted its holdings in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after buying an additional 3,682 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Vertiv during the 4th quarter worth approximately $217,000. Ibex Wealth Advisors purchased a new stake in Vertiv during the 4th quarter worth approximately $7,583,000. Finally, PFG Investments LLC acquired a new position in shares of Vertiv during the fourth quarter valued at approximately $617,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of Vertiv stock opened at $94.17 on Monday. The firm has a market cap of $35.89 billion, a PE ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The business’s fifty day simple moving average is $80.47 and its 200-day simple moving average is $106.22.

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

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date 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 currently 8.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRT. JPMorgan Chase & Co. lowered their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Cowen reissued a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a “hold” rating on the stock. Morgan Stanley dropped their target price on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Citigroup reduced their target price 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. Five 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $120.38.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company’s 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is owned by insiders.

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.