Polar Asset Management Partners Inc. Sells 16,160 Shares of Vertiv Holdings Co (NYSE:VRT)

Polar Asset Management Partners Inc. lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,800 shares of the company's stock after selling 16,160 shares during the period. Polar Asset Management Partners Inc.'s holdings in Vertiv were worth $2,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. 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 valued at $128,000 after purchasing an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after buying an additional 85 shares in the last quarter. Accurate Wealth Management LLC raised its position in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after buying an additional 87 shares during the last quarter. Horizon Investment Services LLC lifted its stake in Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after acquiring an additional 95 shares during the period. Finally, Utah Retirement Systems boosted its holdings in shares of Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VRT shares. KGI Securities assumed coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. The Goldman Sachs Group cut their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.06.

Vertiv Trading Up 0.6%

Shares of VRT stock opened at $106.01 on Friday. The stock has a fifty day simple moving average of $82.70 and a two-hundred day simple moving average of $106.05. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a market capitalization of $40.40 billion, a PE ratio of 82.82, a PEG ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.43 EPS. The firm's quarterly revenue was up 24.2% on a year-over-year basis. On average, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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 paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv's payout ratio is 8.72%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.01% of the company's stock.

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.

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