DigitalBridge Group Inc. Has $26.18 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

DigitalBridge Group Inc. trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 23.3% during the fourth quarter, Holdings Channel reports. The firm owned 230,403 shares of the company’s stock after selling 70,084 shares during the quarter. Vertiv makes up approximately 1.9% of DigitalBridge Group Inc.’s portfolio, making the stock its 21st largest holding. DigitalBridge Group Inc.’s holdings in Vertiv were worth $26,176,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC raised its stake in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after buying an additional 13,559 shares during the period. Empowered Funds LLC increased its holdings in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Vertiv in the 4th quarter valued at $217,000. Ibex Wealth Advisors bought a new stake in Vertiv in the 4th quarter valued at $7,583,000. Finally, PFG Investments LLC acquired a new stake in Vertiv during the 4th quarter valued at $617,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

VRT has been the topic of several research reports. Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Barclays decreased their price target on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Citigroup reduced their price objective on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley decreased their target price on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Roth Capital raised Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.06.

Vertiv Price Performance

Vertiv stock opened at $104.08 on Friday. The firm has a market cap of $39.67 billion, a PE ratio of 81.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock’s fifty day moving average price is $84.59 and its two-hundred day moving average price is $105.89. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 8.72%.

About Vertiv

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.