Vertiv Holdings Co (NYSE:VRT) Holdings Reduced by Needham Investment Management LLC

Needham Investment Management LLC lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 285,000 shares of the company's stock after selling 3,000 shares during the quarter. Vertiv makes up approximately 2.5% of Needham Investment Management LLC's portfolio, making the stock its 6th largest holding. Needham Investment Management LLC owned 0.08% of Vertiv worth $32,379,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 4th quarter worth about $597,379,000. Norges Bank bought a new stake in Vertiv during the fourth quarter worth about $391,777,000. Jennison Associates LLC increased its stake in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on VRT shares. Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. decreased their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Finally, Melius lowered 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Performance

Vertiv stock traded down $3.79 during trading on Thursday, hitting $105.69. The stock had a trading volume of 6,661,262 shares, compared to its average volume of 9,040,382. The stock has a market cap of $40.28 billion, a price-to-earnings ratio of 82.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The stock's 50 day moving average is $81.68 and its two-hundred day moving average is $106.15. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. 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 issued its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Vertiv's revenue was up 24.2% on a year-over-year basis. As a group, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv's dividend payout ratio is currently 8.72%.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by corporate insiders.

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.