CANADA LIFE ASSURANCE Co Sells 9,640 Shares of Vertiv Holdings Co (NYSE:VRT)

CANADA LIFE ASSURANCE Co reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 304,859 shares of the company’s stock after selling 9,640 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Vertiv were worth $34,627,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after buying an additional 85 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares during the last quarter. Horizon Investment Services LLC increased its position in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after acquiring an additional 95 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Barclays decreased their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $121.94.

Vertiv Price Performance

Shares of Vertiv stock opened at $73.24 on Friday. The company has a 50-day simple moving average of $84.24 and a two-hundred day simple moving average of $108.51. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 57.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 period in the prior year, the firm posted $0.56 EPS. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s payout ratio is currently 11.72%.

Vertiv 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.