Los Angeles Capital Management LLC Sells 113,056 Shares of Vertiv Holdings Co (NYSE:VRT)

Los Angeles Capital Management LLC lowered its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 88.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,168 shares of the company's stock after selling 113,056 shares during the quarter. Los Angeles Capital Management LLC's holdings in Vertiv were worth $1,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the second quarter valued at approximately $331,091,000. Price T Rowe Associates Inc. MD grew its position in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock worth $390,143,000 after acquiring an additional 3,591,903 shares in the last quarter. Vanguard Group Inc. increased its stake in Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock valued at $2,745,930,000 after acquiring an additional 1,766,784 shares during the last quarter. Castle Hook Partners LP purchased a new stake in Vertiv during the first quarter valued at about $135,987,000. Finally, Westfield Capital Management Co. LP lifted its stake in Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company's stock worth $277,619,000 after purchasing an additional 1,563,466 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 1.1 %

Shares of NYSE:VRT traded down $1.31 during midday trading on Friday, hitting $119.72. 4,192,349 shares of the stock traded hands, compared to its average volume of 8,163,604. The stock has a market capitalization of $44.94 billion, a PE ratio of 81.57, a P/E/G ratio of 1.35 and a beta of 1.58. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30. The business's 50 day moving average is $104.39 and its two-hundred day moving average is $93.49. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv's revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. As a group, research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv's dividend payout ratio is presently 6.67%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. This represents a 80.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on VRT. TD Cowen increased their price objective on Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Mizuho lifted their price target on shares of Vertiv from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Citigroup upped their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday. They issued a "buy" rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $125.40.

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.