Vertiv Holdings Co (NYSE:VRT) Shares Sold by Blue Grotto Capital LLC

Blue Grotto Capital LLC trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT) by 57.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 200,000 shares during the period. Vertiv accounts for approximately 3.1% of Blue Grotto Capital LLC’s holdings, making the stock its 15th biggest position. Blue Grotto Capital LLC’s holdings in Vertiv were worth $17,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv during the fourth quarter worth approximately $4,219,000. Foundations Investment Advisors LLC boosted its position in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares during the period. Empowered Funds LLC grew its stake in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 2.3 %

Vertiv stock opened at $91.55 on Wednesday. The company has a market capitalization of $34.86 billion, a P/E ratio of 71.52, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The firm’s fifty day simple moving average is $106.11 and its 200-day simple moving average is $111.68. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period in the previous year, the company earned $0.56 earnings per share. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VRT shares. Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Finally, Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Four investment 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 presently has an average rating of “Moderate Buy” and an average target price of $136.07.

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.