Trivest Advisors Ltd cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 89.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,800 shares of the company's stock after selling 600,900 shares during the quarter. Vertiv makes up approximately 0.2% of Trivest Advisors Ltd's portfolio, making the stock its 18th largest holding. Trivest Advisors Ltd's holdings in Vertiv were worth $3,545,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock valued at $25,000 after buying an additional 409 shares in the last quarter. GAMMA Investing LLC bought a new stake in Vertiv during the 4th quarter worth approximately $26,000. Clearstead Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Vertiv in the 4th quarter worth approximately $38,000. Finally, TFC Financial Management Inc. bought a new position in Vertiv in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 89.92% of the company's stock.
Vertiv Stock Performance
Shares of VRT stock traded down $2.54 during trading hours on Friday, reaching $95.40. The company had a trading volume of 8,692,825 shares, compared to its average volume of 10,197,252. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The business has a fifty day moving average price of $82.48 and a 200-day moving average price of $61.45. Vertiv Holdings Co has a one year low of $14.95 and a one year high of $100.30. The firm has a market cap of $35.71 billion, a PE ratio of 91.73, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55.
Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm's revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv's dividend payout ratio (DPR) is presently 9.62%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on VRT shares. Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Evercore ISI boosted their target price on Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. Oppenheimer increased their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. Citigroup boosted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Finally, Bank of America upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $81.11.
Read Our Latest Analysis on VRT
Insider Buying and Selling
In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,409,664 shares of company stock valued at $310,846,212. Company insiders own 5.62% of the company's stock.
About Vertiv
(
Free Report)
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.
Further Reading
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