AXQ Capital LP Trims Position in Vertiv Holdings Co (NYSE:VRT)

AXQ Capital LP cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,484 shares of the company’s stock after selling 1,674 shares during the period. AXQ Capital LP’s holdings in Vertiv were worth $396,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. Mark Sheptoff Financial Planning LLC grew its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv in the fourth quarter worth $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.6 %

Shares of NYSE:VRT opened at $88.58 on Monday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock’s fifty day moving average price is $107.46 and its 200-day moving average price is $111.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market cap of $33.73 billion, a P/E ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the business earned $0.56 EPS. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

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.