Potrero Capital Research LLC Has $5.22 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Potrero Capital Research LLC decreased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 75.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,921 shares of the company's stock after selling 144,079 shares during the period. Vertiv accounts for 1.7% of Potrero Capital Research LLC's portfolio, making the stock its 16th largest position. Potrero Capital Research LLC's holdings in Vertiv were worth $5,217,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group decreased 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, Morgan Stanley decreased their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $122.06.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Performance

Shares of NYSE VRT traded up $0.63 during midday trading on Friday, hitting $106.01. 5,133,281 shares of the company's stock were exchanged, compared to its average volume of 9,030,357. 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 Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company's 50 day moving average price is $82.70 and its 200 day moving average price is $106.05. The firm has a market capitalization of $40.40 billion, a PE ratio of 82.82, a price-to-earnings-growth 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, 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 the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal 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 paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is presently 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.