Vertiv Holdings Co (NYSE:VRT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 91.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the company's stock after selling 43,500 shares during the period. Two Sigma Advisers LP's holdings in Vertiv were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv during the fourth quarter worth $597,379,000. Norges Bank acquired a new stake in Vertiv during the fourth quarter valued at $391,777,000. Arrowstreet Capital Limited Partnership grew its position in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares during the period. Vanguard Group Inc. grew its position in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the period. Finally, Wellington Management Group LLP grew its position in Vertiv by 25.3% during the fourth 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 during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 2.9%

NYSE:VRT traded up $3.25 on Friday, hitting $115.47. The stock had a trading volume of 5,366,591 shares, compared to its average volume of 8,755,346. The company has a fifty day moving average price of $89.98 and a two-hundred day moving average price of $104.38. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year 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 cap of $44.01 billion, a price-to-earnings ratio of 90.21, a PEG ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly 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 business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. KGI Securities assumed coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Finally, The Goldman Sachs Group dropped their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

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.