Boston Common Asset Management LLC Lowers Position in Vertiv Holdings Co (NYSE:VRT)

Boston Common Asset Management LLC lowered its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,598 shares of the company's stock after selling 45,149 shares during the quarter. Boston Common Asset Management LLC's holdings in Vertiv were worth $20,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in Vertiv by 57.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company's stock valued at $919,000 after buying an additional 3,876 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Vertiv by 12.4% in the second quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company's stock worth $30,520,000 after acquiring an additional 38,822 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Vertiv by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,473,204 shares of the company's stock worth $214,112,000 after acquiring an additional 355,059 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Vertiv by 23.2% in the second quarter. Moors & Cabot Inc. now owns 5,625 shares of the company's stock valued at $487,000 after purchasing an additional 1,060 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Vertiv by 166.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock worth $1,015,000 after purchasing an additional 7,327 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Up 2.5 %

Shares of NYSE VRT traded up $3.35 during midday trading on Friday, hitting $135.94. 4,912,411 shares of the stock traded hands, compared to its average volume of 5,951,582. The company has a market cap of $51.02 billion, a PE ratio of 90.63, a P/E/G ratio of 0.99 and a beta of 1.63. The business has a 50 day moving average price of $125.86 and a two-hundred day moving average price of $103.16. Vertiv Holdings Co has a one year low of $49.67 and a one year high of $145.67. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. Vertiv's revenue was up 19.0% on a year-over-year basis. On average, equities analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a boost from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's dividend payout ratio is presently 6.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on VRT shares. Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They set a "buy" rating and a $125.00 price objective for the company. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Bank of America lifted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.75.

Insider Activity

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

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.