Boston Common Asset Management LLC Has $12.55 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Boston Common Asset Management LLC cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,766 shares of the company's stock after selling 3,832 shares during the period. Boston Common Asset Management LLC's holdings in Vertiv were worth $12,546,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $597,379,000. Norges Bank acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $391,777,000. Jennison Associates LLC raised its position 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 buying an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Vertiv by 136.9% in 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 in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Vertiv by 3.5% in 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 in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRT has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Evercore ISI restated an "outperform" rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

Vertiv Price Performance

Shares of NYSE VRT traded up $0.25 during midday trading on Monday, reaching $108.18. 1,898,646 shares of the company were exchanged, compared to its average volume of 10,308,434. The stock's 50-day moving average price is $86.34 and its 200-day moving average price is $105.09. The stock has a market cap of $41.23 billion, a P/E ratio of 84.54, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a one year low of $53.60 and a one 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.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. Vertiv's dividend payout ratio is 8.72%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.63% of the stock is currently owned by insiders.

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.