New York State Teachers Retirement System Has $3.11 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

New York State Teachers Retirement System boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 19.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,278 shares of the company’s stock after buying an additional 5,187 shares during the period. New York State Teachers Retirement System’s holdings in Vertiv were worth $3,112,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VRT. Anchor Investment Management LLC acquired a new stake in shares of Vertiv during the second quarter worth $26,000. Mather Group LLC. increased its holdings in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the third quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new position in shares of Vertiv during the second quarter worth about $34,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT opened at $122.17 on Friday. The company has a market cap of $45.86 billion, a price-to-earnings ratio of 81.45, a PEG ratio of 1.15 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company’s fifty day simple moving average is $98.93 and its 200 day simple moving average is $91.90. Vertiv Holdings Co has a 1-year low of $39.51 and a 1-year high of $124.86.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business earned $0.52 EPS. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. Vertiv’s payout ratio is 6.67%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VRT shares. Citigroup lifted their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer lifted their price objective on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI boosted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho raised their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $122.11.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

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.