Occudo Quantitative Strategies LP Makes New $381,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Occudo Quantitative Strategies LP purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,353 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC grew its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. grew its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 3.5%

NYSE VRT opened at $105.69 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company’s 50 day moving average price is $82.24 and its 200 day moving average price is $106.10. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 82.57, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.43 earnings per share. Vertiv’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts predict 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 given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of analyst reports. Morgan Stanley dropped their price objective on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Citigroup reduced their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Barclays reduced their price objective on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $120.38.

Insider Buying and Selling

In related news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.01% of the stock is currently owned by company insiders.

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.