Korea Investment CORP Sells 120,470 Shares of Vertiv Holdings Co (NYSE:VRT)

Korea Investment CORP lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 25.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,896 shares of the company’s stock after selling 120,470 shares during the quarter. Korea Investment CORP owned about 0.09% of Vertiv worth $39,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in shares of Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Barclays lowered their target price on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Finally, Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Price Performance

NYSE VRT opened at $76.44 on Friday. The business has a 50 day simple moving average of $103.98 and a 200 day simple moving average of $111.23. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 59.72, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s dividend payout ratio is 11.72%.

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.