Two Sigma Investments LP Sells 149,788 Shares of Vertiv Holdings Co (NYSE:VRT)

Two Sigma Investments LP lessened its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,503 shares of the company's stock after selling 149,788 shares during the period. Two Sigma Investments LP owned approximately 0.06% of Vertiv worth $25,733,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VRT. Vanguard Group Inc. grew its position in Vertiv by 3.5% in the 4th 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 in the last quarter. Jennison Associates LLC boosted its holdings in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after acquiring an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the fourth quarter worth approximately $597,379,000. Finally, Wellington Management Group LLP lifted its position in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction 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 transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.63% of the company's stock.

Vertiv Stock Down 0.1%

Vertiv stock traded down $0.12 during trading hours on Friday, hitting $104.08. The company had a trading volume of 3,965,121 shares, compared to its average volume of 8,975,647. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $39.67 billion, a P/E ratio of 81.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The firm's fifty day moving average is $84.20 and its 200-day moving average is $105.95.

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. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed 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 was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv's dividend payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. The Goldman Sachs Group dropped their price target 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. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Finally, KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.06.

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.