KP Management LLC Has $5.68 Million Stake in Vertiv Holdings Co (NYSE:VRT)

KP Management LLC lessened its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the company's stock after selling 17,500 shares during the quarter. Vertiv makes up approximately 1.8% of KP Management LLC's holdings, making the stock its 21st biggest holding. KP Management LLC's holdings in Vertiv were worth $5,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VRT. Aquatic Capital Management LLC lifted its holdings in shares of Vertiv by 448.4% in the 4th quarter. Aquatic Capital Management LLC now owns 215,539 shares of the company's stock worth $24,487,000 after purchasing an additional 176,239 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Vertiv during the fourth quarter worth approximately $12,401,000. Virtus ETF Advisers LLC bought a new position in Vertiv in the 4th quarter worth approximately $1,151,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Vertiv in the 4th quarter valued at approximately $2,855,000. Finally, Coldstream Capital Management Inc. raised its stake in Vertiv by 25.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,443 shares of the company's stock valued at $732,000 after acquiring an additional 1,309 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VRT. The Goldman Sachs Group lowered their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Melius Research restated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Barclays dropped their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Five equities 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Down 1.0 %

VRT stock traded down $0.84 during mid-day trading on Wednesday, hitting $85.35. The stock had a trading volume of 8,875,377 shares, compared to its average volume of 11,249,258. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a fifty day moving average of $80.26 and a 200 day moving average of $107.24. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $32.50 billion, a price-to-earnings ratio of 66.68, a PEG ratio of 1.07 and a beta of 1.71.

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, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities analysts expect 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. Stockholders 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 dividend yield of 0.18%. Vertiv's dividend payout ratio (DPR) is presently 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.