Bridgeway Capital Management LLC Lowers Stake in Vertiv Holdings Co (NYSE:VRT)

Bridgeway Capital Management LLC lessened its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 55.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,460 shares of the company's stock after selling 32,030 shares during the period. Bridgeway Capital Management LLC's holdings in Vertiv were worth $2,893,000 as of its most recent SEC filing.

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

Vertiv Price Performance

Shares of VRT stock traded up $6.90 during trading hours on Monday, hitting $100.96. 8,822,763 shares of the company's stock were exchanged, compared to its average volume of 9,012,352. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a market cap of $38.48 billion, a P/E ratio of 78.88, a P/E/G ratio of 1.07 and a beta of 1.70. The firm has a 50 day moving average of $80.47 and a two-hundred day moving average of $106.22.

Vertiv (NYSE:VRT - Get Free Report) last announced 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 analysts' expectations of $1.94 billion. During the same quarter in the prior year, the company earned $0.43 EPS. Vertiv's revenue was up 24.2% compared to the same quarter last year. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. 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 recent analyst reports. Barclays dropped their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Cowen reissued a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Melius Research reaffirmed a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.38.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.63% of the stock is owned by company insiders.

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.