Man Group plc Sells 108,426 Shares of Vertiv Holdings Co (NYSE:VRT)

Man Group plc cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 399,566 shares of the company's stock after selling 108,426 shares during the period. Man Group plc owned 0.11% of Vertiv worth $45,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC increased its holdings in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after acquiring an additional 85 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after buying an additional 87 shares in the last quarter. Horizon Investment Services LLC boosted its position in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares during the last quarter. Finally, Utah Retirement Systems lifted its position in Vertiv by 0.3% during the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Barclays reduced their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. JPMorgan Chase & Co. boosted their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.06.

Vertiv Price Performance

VRT traded down $0.20 during trading on Monday, reaching $105.84. The stock had a trading volume of 2,018,588 shares, compared to its average volume of 9,006,292. The firm has a market capitalization of $40.34 billion, a price-to-earnings ratio of 82.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The stock has a 50 day moving average of $82.70 and a two-hundred day moving average of $105.98. 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 released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Insiders Place Their Bets

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 sale, the insider now owns 18,847 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Company insiders own 2.63% of the company's stock.

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.