Vertiv Holdings Co (NYSE:VRT) Stock Position Reduced by Potrero Capital Research LLC

Potrero Capital Research LLC cut its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 75.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,921 shares of the company’s stock after selling 144,079 shares during the period. Vertiv comprises approximately 1.7% of Potrero Capital Research LLC’s holdings, making the stock its 16th largest position. Potrero Capital Research LLC’s holdings in Vertiv were worth $5,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Foundations Investment Advisors LLC lifted its stake in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its stake in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $217,000. Ibex Wealth Advisors acquired a new stake in Vertiv in the fourth quarter valued at approximately $7,583,000. Finally, PFG Investments LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $617,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

NYSE:VRT opened at $109.13 on Thursday. The stock has a market cap of $41.59 billion, a P/E ratio of 85.26, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a fifty day moving average price of $81.68 and a 200 day moving average price of $106.15. 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 released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now owns 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VRT. The Goldman Sachs Group reduced their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Morgan Stanley reduced their price objective on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Citigroup reduced their price objective 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. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.38.

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.