Vertiv Holdings Co (NYSE:VRT) Shares Sold by KP Management LLC

KP Management LLC reduced its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the company's stock after selling 17,500 shares during the period. Vertiv accounts for 1.8% of KP Management LLC's holdings, making the stock its 21st biggest holding. KP Management LLC's holdings in Vertiv were worth $5,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% in the 4th 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 period. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of 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 during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRT. Citigroup lowered their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday. Barclays dropped 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. Melius Research restated a "hold" rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Performance

Shares of VRT traded down $0.82 during mid-day trading on Monday, reaching $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 52-week low of $53.60 and a 52-week 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. The stock has a market capitalization of $32.80 billion, a P/E ratio of 67.29, a PEG ratio of 1.07 and a beta of 1.71. The stock has a 50 day moving average of $80.62 and a two-hundred day moving average of $107.39.

Vertiv (NYSE:VRT - Get Free Report) last released 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%. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued 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 0.17%. Vertiv's payout ratio is currently 8.72%.

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.