Voloridge Investment Management LLC Grows Holdings in Vertiv Holdings Co (NYSE:VRT)

Voloridge Investment Management LLC raised its position in Vertiv Holdings Co (NYSE:VRT) by 370.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 607,384 shares of the company’s stock after buying an additional 478,350 shares during the period. Voloridge Investment Management LLC owned 0.16% of Vertiv worth $69,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Vertiv by 51.4% during the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock valued at $42,940,000 after acquiring an additional 146,463 shares during the last quarter. Grassi Investment Management bought a new position in Vertiv in the 4th quarter valued at $1,380,000. Merit Financial Group LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at $730,000. Arkadios Wealth Advisors raised its stake in shares of Vertiv by 9.3% during the 4th quarter. Arkadios Wealth Advisors now owns 6,236 shares of the company’s stock worth $709,000 after purchasing an additional 530 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of Vertiv by 13.3% during the 4th quarter. HB Wealth Management LLC now owns 4,498 shares of the company’s stock worth $511,000 after purchasing an additional 528 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. The trade was 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 2.63% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $106.34 on Wednesday. The company’s 50 day simple moving average is $83.58 and its two-hundred day simple moving average is $105.98. 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 Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The stock has a market capitalization of $40.53 billion, a PE ratio of 83.08, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company 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 firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on VRT. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a 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 note on Tuesday, January 28th. The Goldman Sachs Group decreased their target price on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target for the company. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.06.

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.