Nisa Investment Advisors LLC Sells 23,900 Vertiv Holdings Co (NYSE:VRT) Shares

VaselineAugust 22, 2024

0 4 minutes read

Nisa Investment Advisors LLC lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) by 47.8% in the second quarter, Holdings Channel reports. The firm owned 26,100 shares of the company’s stock after selling 23,900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Vertiv were worth $2,259,000 at the end of the most recent quarter.

A number of other large investors have recently made changes to their positions in VRT. PNC Financial Services Group Inc. boosted its stake in Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after purchasing an additional 9,870 shares during the period. Xponance Inc. boosted its position in Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after purchasing an additional 426 shares during the period. California State Teachers Retirement System grew its stake in Vertiv by 58.8% in the 4th quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after acquiring an additional 202,766 shares. of shares in the last quarter. Williamson Legacy Group LLC purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $1,645,000. Finally, Quadrant Capital Group LLC boosted its stake in Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. 89.92% of shares are held by hedge funds and other institutional investors.

Vertiv stock performance

Shares of Vertiv stock opened at $78.01 on Thursday. The company has a market cap of $29.20 billion, a PE ratio of 75.01, a P/E/G ratio of 0.97 and a beta of 1.58. The company has a 50 day simple moving average of $83.76 and a two hundred day simple moving average of $82.69. Vertiv Holdings Co has a one year low of $34.54 and a one year high of $109.27. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.98, and a current ratio of 1.36.

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Vertiv (NYSE:VRT – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue grew 12.6% year over year. In the same quarter last year, the business posted EPS of $0.46. research analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv dividend announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a $0.025 dividend. The ex-dividend date was Monday, June 17. This represents a dividend of $0.10 on an annualized basis and a dividend yield of 0.13%. Vertiv’s payout ratio is 9.62%.

Insider buying and selling

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.01% of shares are owned by company insiders.

The Wall Street analyst weighs in

Several research analysts have recently issued reports on VRT shares. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Evercore ISI reissued an “outperform” rating and set a $105.00 target price on shares of Vertiv in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. TD Cowen upped their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Nine research analysts have rated the stock with a buy rating. The stock currently has a consensus rating of “Buy” and an average target price of $96.22, according to MarketBeat.

Check out our latest report on Vertiv

Vertiv profile

(Free Report)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures and services critical digital infrastructure technologies and lifecycle services for data centers, communications networks and commercial and industrial environments in the Americas, Asia Pacific, Europe, the Middle East and Africa.