Boothbay Fund Management LLC Sells 19,158 Shares of Vertiv Holdings Co (NYSE:VRT)

Boothbay Fund Management LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,211 shares of the company's stock after selling 19,158 shares during the quarter. Boothbay Fund Management LLC's holdings in Vertiv were worth $8,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Silverleafe Capital Partners LLC purchased a new position in Vertiv during the fourth quarter valued at $4,219,000. Foundations Investment Advisors LLC grew its holdings in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC increased its stake in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after purchasing an additional 936,698 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of Vertiv in the 4th quarter worth approximately $217,000. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VRT shares. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Performance

NYSE VRT traded down $2.17 during trading hours on Wednesday, hitting $84.02. 3,807,072 shares of the company's stock traded hands, compared to its average volume of 8,935,572. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The firm has a market capitalization of $31.99 billion, a P/E ratio of 65.64, a P/E/G ratio of 1.07 and a beta of 1.71. The business's fifty day moving average price is $80.26 and its two-hundred day moving average price is $107.24.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid 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 0.18%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

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.