Voya Investment Management LLC Has $64.78 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Voya Investment Management LLC trimmed its stake in Vertiv Holdings Co (NYSE:VRT) by 35.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570,211 shares of the company’s stock after selling 317,302 shares during the period. Voya Investment Management LLC’s holdings in Vertiv were worth $64,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRT. Barclays PLC lifted its stake in shares of Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock valued at $42,940,000 after buying an additional 146,463 shares during the period. World Investment Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at approximately $1,230,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $584,000. Blankinship & Foster LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth approximately $8,798,000. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Vertiv by 18.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock valued at $660,000 after purchasing an additional 1,021 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 7.4 %

VRT opened at $83.75 on Friday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The firm has a 50-day moving average price of $81.52 and a two-hundred day moving average price of $107.71. The stock has a market capitalization of $31.89 billion, a PE ratio of 65.43, a PEG ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during 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%. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is 8.72%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VRT shares. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. KGI Securities assumed coverage on shares of Vertiv in a research report on Thursday. They set a “hold” rating on the stock. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.38.

Vertiv Company 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.