Vertiv Holdings Co (NYSE:VRT) is Seldon Capital LP’s 6th Largest Position

Seldon Capital LP trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 56.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,900 shares of the company’s stock after selling 119,376 shares during the quarter. Vertiv accounts for about 5.2% of Seldon Capital LP’s portfolio, making the stock its 6th largest position. Seldon Capital LP’s holdings in Vertiv were worth $9,243,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the second quarter worth $26,000. Mather Group LLC. increased its position in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Krane Funds Advisors LLC purchased a new position in Vertiv in the 3rd quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv during the 3rd quarter worth about $30,000. Finally, OFI Invest Asset Management purchased a new stake in Vertiv during the 2nd quarter valued at about $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,185 shares of company stock valued at $10,074,936. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Down 0.9 %

VRT opened at $140.15 on Friday. The company has a fifty day moving average of $110.94 and a two-hundred day moving average of $95.20. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $145.67. The stock has a market capitalization of $52.60 billion, a price-to-earnings ratio of 93.43, a PEG ratio of 1.45 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VRT shares. Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $138.50.

Vertiv 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.