California State Teachers Retirement System Grows Stock Position in Vertiv Holdings Co (NYSE:VRT)

California State Teachers Retirement System boosted its stake in shares of Vertiv Holdings Co (NYSE:VRTFree Report) by 58.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 547,833 shares of the company’s stock after buying an additional 202,766 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Vertiv worth $26,312,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Vertiv in the 4th quarter valued at $26,000. Clearstead Advisors LLC bought a new position in Vertiv in the 3rd quarter valued at $38,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Vertiv during the 4th quarter worth $38,000. Quadrant Capital Group LLC grew its position in shares of Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. Finally, TFC Financial Management Inc. bought a new position in shares of Vertiv during the 4th quarter worth $42,000. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VRT. Bank of America increased their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Evercore ISI increased their price target on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. increased their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Citigroup raised their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

View Our Latest Research Report on Vertiv

Insider Transactions at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anders Karlborg sold 46,206 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The disclosure for this sale can be found here. Insiders sold a total of 4,219,333 shares of company stock worth $404,717,953 over the last three months. 5.01% of the stock is currently owned by insiders.

Vertiv Trading Up 5.5 %

Vertiv stock opened at $97.12 on Thursday. The stock has a 50-day moving average of $91.29 and a two-hundred day moving average of $68.96. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. Vertiv Holdings Co has a one year low of $19.82 and a one year high of $109.27. The stock has a market cap of $36.36 billion, a PE ratio of 93.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

Vertiv (NYSE:VRTGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Monday, June 17th. Vertiv’s payout ratio is 9.62%.

Vertiv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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