Boothbay Fund Management LLC Has $8.77 Million Position in Vertiv Holdings Co (NYSE:VRT)

Boothbay Fund Management LLC lessened its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,211 shares of the company's stock after selling 19,158 shares during the period. Boothbay Fund Management LLC's holdings in Vertiv were worth $8,772,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter worth $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% in the fourth 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. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 0.9 %

NYSE:VRT traded down $0.82 during mid-day trading on Monday, hitting $86.13. The company had a trading volume of 8,861,150 shares, compared to its average volume of 8,988,314. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The business's fifty day moving average is $81.05 and its two-hundred day moving average is $107.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $32.80 billion, a P/E ratio of 67.29, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (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 prior year, the company earned $0.43 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 0.17%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Morgan Stanley dropped their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

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.