Vertiv Holdings Co (NYSE:VRT) Stake Decreased by Cresset Asset Management LLC

Cresset Asset Management LLC cut its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,962 shares of the company's stock after selling 13,237 shares during the period. Cresset Asset Management LLC's holdings in Vertiv were worth $1,359,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC grew its holdings in shares of Vertiv by 7.9% during the 4th 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 lifted its position in 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 buying an additional 3,682 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Vertiv during the fourth quarter worth approximately $217,000. Ibex Wealth Advisors acquired a new stake in shares of Vertiv in the fourth quarter worth $7,583,000. Finally, PFG Investments LLC purchased a new position in shares of Vertiv in the 4th quarter valued at $617,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

NYSE:VRT traded up $6.90 during trading hours on Monday, reaching $100.96. 8,941,937 shares of the stock were exchanged, compared to its average volume of 9,012,864. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization 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 simple moving average of $80.73 and a 200-day simple moving average of $106.14.

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, topping the consensus estimate of $0.62 by $0.02. The firm 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%. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.15%. Vertiv's dividend payout ratio (DPR) is 8.72%.

Insiders Place Their Bets

In other Vertiv 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 value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VRT shares. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Finally, Barclays dropped their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.38.

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.