Vertiv Holdings Co (NYSE:VRT) Holdings Trimmed by Alua Capital Management LP

Alua Capital Management LP decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,000,000 shares of the company's stock after selling 341,312 shares during the period. Vertiv accounts for about 7.1% of Alua Capital Management LP's portfolio, making the stock its 5th largest position. Alua Capital Management LP owned 0.27% of Vertiv worth $113,610,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Vertiv in the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. boosted its position in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 0.3 %

Shares of NYSE VRT traded down $0.29 during midday trading on Monday, hitting $94.71. 6,237,088 shares of the company's stock were exchanged, compared to its average volume of 8,987,551. The company has a market cap of $36.06 billion, a PE ratio of 73.99, a P/E/G ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm's fifty day simple moving average is $80.14 and its 200-day simple moving average is $106.78.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.43 EPS. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given 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 dividend yield of 0.16%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VRT shares. Evercore ISI lowered their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Citigroup cut their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Barclays cut their price objective 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, Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $120.38.

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.