Lighthouse Investment Partners LLC Sells 54,591 Shares of Vertiv Holdings Co (NYSE:VRT)

Lighthouse Investment Partners LLC cut its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,409 shares of the company's stock after selling 54,591 shares during the period. Lighthouse Investment Partners LLC's holdings in Vertiv were worth $17,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its position in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC grew its position in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Vertiv in the 4th quarter worth about $217,000. Ibex Wealth Advisors acquired a new stake in Vertiv in the 4th quarter worth about $7,583,000. Finally, PFG Investments LLC acquired a new stake in Vertiv in the 4th quarter worth about $617,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on VRT. Melius Research reiterated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Trading Up 3.4%

Shares of NYSE VRT traded up $3.55 during midday trading on Wednesday, reaching $109.13. The stock had a trading volume of 9,595,767 shares, compared to its average volume of 9,049,877. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 85.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company's 50 day moving average price is $81.20 and its 200 day moving average price is $106.13.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.43 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Insider Buying and Selling at Vertiv

In other Vertiv 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 transaction of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.01% of the stock is currently owned by company insiders.

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.