Vertiv Holdings Co (NYSE:VRT) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in Vertiv Holdings Co (NYSE:VRT) by 6.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,115 shares of the company’s stock after selling 1,407 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Vertiv were worth $2,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock worth $1,339,000 after buying an additional 691 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Vertiv by 6.5% during the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock valued at $547,000 after purchasing an additional 335 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Vertiv by 59.2% in the third quarter. Natixis Advisors LLC now owns 128,451 shares of the company’s stock valued at $12,779,000 after buying an additional 47,748 shares in the last quarter. Caprock Group LLC acquired a new stake in Vertiv during the 3rd quarter worth about $409,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $869,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

VRT stock opened at $89.07 on Friday. The company has a 50 day simple moving average of $108.26 and a 200 day simple moving average of $110.87. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 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.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company posted $0.56 EPS. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRT. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Barclays dropped their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.07.

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.