Stanley Capital Management LLC Sells 189,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Stanley Capital Management LLC decreased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 45.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,000 shares of the company's stock after selling 189,000 shares during the quarter. Vertiv comprises about 5.1% of Stanley Capital Management LLC's portfolio, making the stock its biggest position. Stanley Capital Management LLC owned approximately 0.06% of Vertiv worth $26,017,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% during the 4th 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 period. Pittenger & Anderson Inc. lifted its position in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares during the period. Finally, Colonial Trust Co SC lifted its position in Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company's 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 sale, 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 Securities & Exchange Commission, which is available through this link. 2.63% of the stock is owned by company insiders.

Vertiv Trading Down 0.1%

Shares of VRT traded down $0.06 during midday trading on Tuesday, hitting $106.34. 4,019,280 shares of the stock were exchanged, compared to its average volume of 9,008,314. The firm has a market cap of $40.53 billion, a P/E ratio of 83.08, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a fifty day simple moving average of $83.12 and a 200 day simple moving average of $105.97.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share 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 company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business earned $0.43 EPS. Vertiv's revenue was up 24.2% on a year-over-year basis. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is 8.72%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VRT shares. KGI Securities started coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. JPMorgan Chase & Co. lifted their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Finally, Morgan Stanley dropped their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.06.

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.