Vertiv Holdings Co (NYSE:VRT) Holdings Raised by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,193,773 shares of the company's stock after buying an additional 82,939 shares during the period. Vertiv comprises 1.6% of Whale Rock Capital Management LLC's portfolio, making the stock its 26th largest holding. Whale Rock Capital Management LLC owned approximately 0.32% of Vertiv worth $135,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Foundations Investment Advisors LLC lifted its holdings in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after acquiring an additional 13,559 shares during the period. Empowered Funds LLC increased its position in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Vertiv during the fourth quarter worth approximately $217,000. Ibex Wealth Advisors purchased a new position in Vertiv during the fourth quarter worth approximately $7,583,000. Finally, PFG Investments LLC acquired a new position in shares of Vertiv in the 4th quarter valued at $617,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. 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 note on Thursday, April 24th. Barclays cut their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Citigroup dropped their target price 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. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $122.06.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now owns 18,847 shares in the company, valued at approximately $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. 2.63% of the stock is owned by company insiders.

Vertiv Stock Up 0.5%

Shares of Vertiv stock traded up $0.55 during trading hours on Thursday, hitting $104.16. 3,785,621 shares of the company's stock traded hands, compared to its average volume of 8,990,812. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The stock has a 50 day simple moving average of $83.90 and a 200-day simple moving average of $105.96. The company has a market cap of $39.70 billion, a PE ratio of 81.38, a PEG ratio of 1.07 and a beta of 1.70.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. 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 (DPR) 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.