Ratan Capital Management LP Has $59.31 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Ratan Capital Management LP lessened its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 522,085 shares of the company's stock after selling 35,000 shares during the period. Vertiv accounts for about 9.1% of Ratan Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. Ratan Capital Management LP owned approximately 0.14% of Vertiv worth $59,314,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in Vertiv in the 4th quarter worth $40,817,000. Point72 Hong Kong Ltd bought a new position in shares of Vertiv in the fourth quarter worth about $3,257,000. Quantinno Capital Management LP lifted its position in shares of Vertiv by 16.1% during the 4th quarter. Quantinno Capital Management LP now owns 81,539 shares of the company's stock worth $9,264,000 after purchasing an additional 11,330 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Vertiv in the 4th quarter valued at approximately $381,000. Finally, Morse Asset Management Inc increased its position in Vertiv by 110.3% in the 4th quarter. Morse Asset Management Inc now owns 23,373 shares of the company's stock worth $2,655,000 after buying an additional 12,258 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.01% of the company's stock.

Vertiv Trading Up 3.4%

Shares of NYSE VRT opened at $109.13 on Thursday. The company's 50 day simple moving average is $81.68 and its 200 day simple moving average is $106.15. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a market capitalization of $41.59 billion, a P/E ratio of 85.26, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business'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 year.

Vertiv Announces Dividend

The firm 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 of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv's payout ratio is 8.72%.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley reduced their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Finally, Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

About Vertiv

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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