Seascape Capital Management Sells 3,484 Shares of Vertiv Holdings Co. (NYSE:VRT)

Seascape Capital Management reduced its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,573 shares of the company's stock after selling 3,484 shares during the quarter. Seascape Capital Management's holdings in Vertiv were worth $1,991,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. Geode Capital Management LLC grew its stake in Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the 4th quarter worth $597,379,000. Wellington Management Group LLP increased its position in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after buying an additional 990,361 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Vertiv by 4.8% in the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after buying an additional 167,061 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT traded up $3.59 during mid-day trading on Friday, hitting $127.92. The company had a trading volume of 4,003,595 shares, compared to its average volume of 8,551,627. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The stock has a market cap of $48.75 billion, a price-to-earnings ratio of 74.37, a PEG ratio of 1.27 and a beta of 1.75. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The firm's 50 day simple moving average is $109.25 and its two-hundred day simple moving average is $103.49.

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, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. Vertiv's revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 8.72%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRT. 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 target price for the company. Citigroup upped their price target on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Vertiv 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.