Healthcare of Ontario Pension Plan Trust Fund Has $882,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,189 shares of the company’s stock after selling 1,502 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Vertiv were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 119 shares during the period. Farmers & Merchants Investments Inc. increased its position in Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the period. Mather Group LLC. increased its position in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Merrion Investment Management Co LLC increased its position in Vertiv by 0.7% in the second quarter. Merrion Investment Management Co LLC now owns 30,200 shares of the company’s stock worth $2,614,000 after purchasing an additional 200 shares during the period. Finally, TFC Financial Management Inc. grew its position in shares of Vertiv by 23.9% during the 1st quarter. TFC Financial Management Inc. now owns 1,090 shares of the company’s stock worth $89,000 after buying an additional 210 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT opened at $106.72 on Tuesday. The firm has a market capitalization of $39.95 billion, a PE ratio of 102.62, a P/E/G ratio of 1.26 and a beta of 1.59. The stock has a 50 day simple moving average of $82.73 and a 200 day simple moving average of $87.33. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. Vertiv Holdings Co has a 52-week low of $34.60 and a 52-week high of $109.27.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 EPS 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 analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Sell-side analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s payout ratio is presently 9.62%.

Insider Buying and Selling

In related 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 directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. Evercore ISI boosted their target price on Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday. TD Cowen boosted 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. The Goldman Sachs Group decreased 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. Finally, Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday. They set a “buy” rating and a $125.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $106.89.

About Vertiv

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.