Vertiv Holdings Co (NYSE:VRT) Stake Cut by Senator Investment Group LP

Senator Investment Group LP lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,258 shares of the company’s stock after selling 18,537 shares during the quarter. Senator Investment Group LP owned approximately 0.07% of Vertiv worth $28,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. Fifth Third Bancorp boosted its holdings in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after buying an additional 84 shares during the period. Prestige Wealth Management Group LLC boosted its holdings 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 acquiring an additional 85 shares during the period. Accurate Wealth Management LLC boosted its holdings 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 acquiring an additional 87 shares during the period. Horizon Investment Services LLC grew its position in shares of Vertiv by 4.1% in 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 increased its stake in shares of Vertiv by 61.3% in the fourth 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. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of Vertiv stock opened at $73.24 on Monday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The firm’s 50-day moving average price is $84.24 and its two-hundred day moving average price is $108.59. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 57.22, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the business posted $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced 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. 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 0.20%. Vertiv’s payout ratio is 11.72%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRT. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective on the stock. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

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.