Electron Capital Partners LLC Decreases Position in Vertiv Holdings Co (NYSE:VRT)

Electron Capital Partners LLC decreased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 91.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,175 shares of the company's stock after selling 220,640 shares during the quarter. Electron Capital Partners LLC's holdings in Vertiv were worth $2,406,000 at the end of the most recent quarter.

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

Vertiv Price Performance

Shares of NYSE:VRT traded down $0.84 on Wednesday, reaching $85.35. The company's stock had a trading volume of 8,899,004 shares, compared to its average volume of 8,947,266. The company has a market cap of $32.50 billion, a P/E ratio of 66.68, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a 50-day simple moving average of $80.05 and a 200 day simple moving average of $107.09.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is presently 8.72%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Evercore ISI dropped 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. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Five investment 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 company's stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average target price 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.