Fox Run Management L.L.C. Sells 5,296 Shares of Vertiv Holdings Co (NYSE:VRT)

Fox Run Management L.L.C. lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 57.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,918 shares of the company’s stock after selling 5,296 shares during the period. Fox Run Management L.L.C.’s holdings in Vertiv were worth $445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares in the last quarter. Accurate Wealth Management LLC grew 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 worth $254,000 after buying an additional 87 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its holdings in shares of Vertiv by 2.2% in the 4th quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock valued at $623,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VRT. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Barclays dropped their price objective on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Down 2.3 %

Shares of Vertiv stock opened at $91.55 on Wednesday. The company’s 50 day moving average price is $106.11 and its 200-day moving average price is $111.68. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market capitalization of $34.86 billion, a price-to-earnings ratio of 71.52, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the firm posted $0.56 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

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