DigitalBridge Group Inc. Has $26.18 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

DigitalBridge Group Inc. cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,403 shares of the company's stock after selling 70,084 shares during the period. Vertiv accounts for 1.9% of DigitalBridge Group Inc.'s holdings, making the stock its 21st largest position. DigitalBridge Group Inc. owned about 0.06% of Vertiv worth $26,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares in the last quarter. Finally, Colonial Trust Co SC raised its position in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction 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 transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.63% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Citigroup dropped their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Finally, Evercore ISI boosted their price objective on shares of Vertiv from $100.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday. Five equities research 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.38.

Vertiv Trading Up 5.4%

Shares of Vertiv stock traded up $5.64 during trading on Tuesday, hitting $109.78. The company's stock had a trading volume of 6,448,869 shares, compared to its average volume of 8,961,398. The stock has a market cap of $41.84 billion, a price-to-earnings ratio of 85.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a 50-day moving average price of $84.89 and a two-hundred day moving average price of $105.52.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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. The business had revenue of $2.04 billion for 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%. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv's payout ratio is 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.