Polar Capital Holdings Plc Has $9.41 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Polar Capital Holdings Plc lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 43.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,800 shares of the company’s stock after selling 63,000 shares during the period. Polar Capital Holdings Plc’s holdings in Vertiv were worth $9,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the period. Prestige Wealth Management Group LLC increased its stake in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC increased its stake in Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares during the period. Horizon Investment Services LLC increased its stake in Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares during the period. Finally, Utah Retirement Systems increased its stake in Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company’s stock worth $4,465,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Down 3.5%

Shares of VRT opened at $105.69 on Friday. The company has a market capitalization of $40.28 billion, a PE ratio of 82.57, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The stock’s 50-day moving average price is $82.24 and its two-hundred day moving average price is $106.10. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRT. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Cowen reiterated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, KGI Securities began coverage on Vertiv in a research note on Thursday, April 24th. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.