Electron Capital Partners LLC Sells 220,640 Shares of Vertiv Holdings Co (NYSE:VRT)

Electron Capital Partners LLC lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 91.2% in the fourth quarter, HoldingsChannel reports. The firm owned 21,175 shares of the company’s stock after selling 220,640 shares during the period. Electron Capital Partners LLC’s holdings in Vertiv were worth $2,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC boosted its position in Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after purchasing an additional 85 shares during the last quarter. Accurate Wealth Management LLC boosted its position in Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares during the last quarter. Horizon Investment Services LLC boosted its position in Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after purchasing an additional 95 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of several recent research reports. Cowen reissued a “buy” rating on shares of Vertiv in a research report on Thursday. Roth Capital raised Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $120.38.

Vertiv Trading Down 0.9 %

VRT opened at $86.13 on Tuesday. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a 50-day simple moving average of $80.62 and a 200 day simple moving average of $107.39. 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 $32.80 billion, a price-to-earnings ratio of 67.29, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. Vertiv’s revenue was up 24.2% compared to the same quarter last year. Analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued 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 0.17%. Vertiv’s dividend payout ratio (DPR) 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.