Westwood Holdings Group Inc. Trims Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Westwood Holdings Group Inc. decreased its stake in Vertiv Holdings Co (NYSE:VRT) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,427 shares of the company’s stock after selling 17,946 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Vertiv were worth $7,828,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Vertiv by 296.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after buying an additional 9,870 shares in the last quarter. California State Teachers Retirement System increased its position in Vertiv by 58.8% in the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after buying an additional 202,766 shares in the last quarter. Williamson Legacy Group LLC purchased a new stake in Vertiv in the fourth quarter worth about $1,645,000. Quadrant Capital Group LLC grew its position in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Vertiv by 1.3% during the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock worth $88,628,000 after purchasing an additional 14,100 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $94.54 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The stock’s 50 day simple moving average is $79.49 and its two-hundred day simple moving average is $85.45. The company has a market cap of $35.39 billion, a price-to-earnings ratio of 90.90, a PEG ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Wall Street Analyst Weigh In

VRT has been the subject of several research analyst reports. TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. Evercore ISI reiterated an “outperform” rating and set a $105.00 target price on shares of Vertiv in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group cut their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $102.13.

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.