Riposte Capital LLC Has $12.50 Million Position in Vertiv Holdings Co (NYSE:VRT)

Riposte Capital LLC lessened its position in shares of Vertiv Holdings Co (NYSE:VRT) by 37.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,000 shares of the company’s stock after selling 65,000 shares during the period. Vertiv accounts for 2.4% of Riposte Capital LLC’s investment portfolio, making the stock its 9th largest position. Riposte Capital LLC’s holdings in Vertiv were worth $12,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in Vertiv by 11.1% in the 4th quarter. Prudential Financial Inc. now owns 581,871 shares of the company’s stock valued at $66,106,000 after buying an additional 58,101 shares in the last quarter. Sheets Smith Investment Management purchased a new position in shares of Vertiv in the fourth quarter valued at $1,522,000. Vanguard Group Inc. grew its position in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. LPL Financial LLC lifted its holdings in Vertiv by 18.4% during the 4th quarter. LPL Financial LLC now owns 608,384 shares of the company’s stock worth $69,119,000 after purchasing an additional 94,542 shares in the last quarter. Finally, Optimum Investment Advisors lifted its holdings in Vertiv by 30.0% during the 4th quarter. Optimum Investment Advisors now owns 1,950 shares of the company’s stock worth $222,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Performance

VRT opened at $88.58 on Monday. The firm has a market cap of $33.73 billion, a P/E ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a 50 day simple moving average of $107.46 and a two-hundred day simple moving average of $111.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 EPS. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv’s payout ratio is presently 11.72%.

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.