Schonfeld Strategic Advisors LLC Sells 568,689 Shares of Vertiv Holdings Co (NYSE:VRT)

Schonfeld Strategic Advisors LLC lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 70.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,536 shares of the company's stock after selling 568,689 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.06% of Vertiv worth $26,986,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the 4th quarter valued at $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Vertiv during the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. increased its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares during the period. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Melius Research restated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Stock Up 8.5 %

Shares of NYSE:VRT traded up $7.22 on Thursday, reaching $92.60. The company had a trading volume of 16,425,750 shares, compared to its average volume of 8,969,188. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The stock has a 50-day moving average price of $80.05 and a 200 day moving average price of $107.09. The stock has a market capitalization of $35.26 billion, a P/E ratio of 72.35, a P/E/G ratio of 1.07 and a beta of 1.71. 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 announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping 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 return on equity of 61.41% and a net margin of 6.19%. The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. Vertiv's payout ratio is 8.72%.

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.