Vertiv Holdings Co (NYSE:VRT) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 34.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 299,573 shares of the company's stock after selling 157,044 shares during the period. Vertiv makes up approximately 1.2% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 22nd largest position. Fullerton Fund Management Co Ltd. owned 0.08% of Vertiv worth $34,034,000 at the end of the most recent reporting period.

A number of other hedge funds 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 4th quarter worth approximately $597,379,000. Norges Bank purchased a new position in shares of Vertiv during the 4th quarter worth approximately $391,777,000. Jennison Associates LLC boosted its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In related news, insider Karsten Winther sold 5,500 shares of Vertiv 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 sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.63% of the stock is owned by company insiders.

Vertiv Stock Down 1.6%

Shares of VRT traded down $1.57 during midday trading on Friday, reaching $94.17. The stock had a trading volume of 6,364,741 shares, compared to its average volume of 9,013,115. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company's fifty day simple moving average is $80.47 and its two-hundred day simple moving average is $106.22. The company has a market cap of $35.89 billion, a price-to-earnings ratio of 73.57, a PEG ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS 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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.43 EPS. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv's dividend payout ratio is currently 8.72%.

Analysts Set New Price Targets

VRT has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Citigroup decreased their price target 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

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.