Vertiv Holdings Co (NYSE:VRT) Holdings Trimmed by Electron Capital Partners LLC

Electron Capital Partners LLC decreased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,662,361 shares of the company’s stock after selling 50,585 shares during the quarter. Vertiv makes up 5.4% of Electron Capital Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Electron Capital Partners LLC owned approximately 0.70% of Vertiv worth $127,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Vertiv during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. increased its holdings in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Clearstead Advisors LLC purchased a new stake in Vertiv during the 3rd quarter worth about $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vertiv in the 4th quarter valued at about $38,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Yibin Edward Cui sold 668 shares of the firm’s stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doherty Philip O’ sold 2,511,295 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,162,739 shares of company stock valued at $400,713,362. 5.01% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on VRT shares. Oppenheimer increased their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Citigroup increased their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Bank of America increased their price objective on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. increased their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Evercore ISI increased their price objective on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Stock Performance

Shares of NYSE VRT traded down $3.83 during trading hours on Friday, reaching $91.48. The stock had a trading volume of 8,047,177 shares, compared to its average volume of 9,302,086. The firm has a market cap of $34.25 billion, a price-to-earnings ratio of 87.96, a PEG ratio of 1.33 and a beta of 1.56. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. Vertiv Holdings Co has a fifty-two week low of $22.15 and a fifty-two week high of $109.27. The firm has a 50-day moving average of $92.44 and a 200-day moving average of $71.28.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s payout ratio is 9.62%.

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.