L & S Advisors Inc Sells 8,425 Shares of Vertiv Holdings Co (NYSE:VRT)

L & S Advisors Inc reduced its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 27.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,113 shares of the company's stock after selling 8,425 shares during the period. L & S Advisors Inc's holdings in Vertiv were worth $1,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in Vertiv in the fourth quarter valued at approximately $1,062,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Vertiv by 6.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,331 shares of the company's stock valued at $1,025,000 after acquiring an additional 1,246 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company's stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. Level Four Advisory Services LLC boosted its holdings in Vertiv by 6.7% in the fourth quarter. Level Four Advisory Services LLC now owns 13,012 shares of the company's stock valued at $625,000 after acquiring an additional 813 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Vertiv by 4,848.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 212,071 shares of the company's stock valued at $10,186,000 after acquiring an additional 207,785 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 0.3 %

Shares of NYSE:VRT traded up $0.29 during trading on Tuesday, reaching $87.28. 4,284,659 shares of the stock were exchanged, compared to its average volume of 8,538,782. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27. The stock has a fifty day moving average of $79.54 and a two-hundred day moving average of $85.02. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 83.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, September 17th. Vertiv's payout ratio is currently 9.62%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VRT. Evercore ISI reiterated an "outperform" rating and issued a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. TD Cowen increased their price target on Vertiv from $89.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Mizuho upgraded Vertiv from a "neutral" rating to an "outperform" rating and cut their price target for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group cut their price target on Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv currently has a consensus rating of "Buy" and a consensus target price of $102.13.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by insiders.

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.