Electron Capital Partners LLC Lowers Stake in Vertiv Holdings Co (NYSE:VRT)

Electron Capital Partners LLC lowered its holdings in Vertiv Holdings Co (NYSE:VRTFree Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,662,361 shares of the company’s stock after selling 50,585 shares during the quarter. Vertiv accounts for about 5.4% of Electron Capital Partners LLC’s investment portfolio, making the stock its 6th biggest position. Electron Capital Partners LLC’s holdings in Vertiv were worth $127,873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Vertiv in the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. boosted its position in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after buying an additional 252 shares in the last quarter. Clearstead Advisors LLC acquired a new position in Vertiv in the third quarter valued at about $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Vertiv in the fourth quarter valued at about $38,000. Finally, Quadrant Capital Group LLC boosted its position in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after buying an additional 170 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the sale, the insider now owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares in the company, valued at $2,156,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the transaction, the insider now owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders sold 4,162,739 shares of company stock valued at $400,713,362 over the last quarter. Corporate insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VRT shares. Mizuho upped their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a report on Friday, May 17th. Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.11.

View Our Latest Analysis on Vertiv

Vertiv Trading Down 4.0 %

NYSE:VRT traded down $3.83 during trading hours on Friday, hitting $91.48. The stock had a trading volume of 8,047,177 shares, compared to its average volume of 9,302,086. Vertiv Holdings Co has a one year low of $22.15 and a one year high of $109.27. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 87.96, a P/E/G ratio of 1.33 and a beta of 1.56. The business’s 50 day moving average is $92.44 and its 200-day moving average is $71.28.

Vertiv (NYSE:VRTGet Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Monday, June 17th. Vertiv’s dividend payout ratio is 9.62%.

Vertiv Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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