KP Management LLC Cuts Stake in Vertiv Holdings Co (NYSE:VRT)

KP Management LLC lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the company’s stock after selling 17,500 shares during the period. Vertiv makes up about 1.8% of KP Management LLC’s portfolio, making the stock its 21st biggest holding. KP Management LLC’s holdings in Vertiv were worth $5,680,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its position in Vertiv by 51.4% during the 3rd quarter. Barclays PLC now owns 431,586 shares of the company’s stock worth $42,940,000 after purchasing an additional 146,463 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Vertiv during the third quarter worth $1,230,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vertiv during the third quarter valued at $584,000. Blankinship & Foster LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $8,798,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in Vertiv by 18.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock worth $660,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 3.8 %

Shares of Vertiv stock opened at $87.06 on Friday. The firm has a 50-day simple moving average of $81.05 and a two-hundred day simple moving average of $107.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a market cap of $33.15 billion, a P/E ratio of 68.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. As a group, equities 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. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VRT shares. Evercore ISI dropped 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. KGI Securities began coverage on Vertiv in a research report on Thursday. They issued a “hold” rating on the stock. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Cowen restated a “buy” rating on shares of Vertiv in a research note on Thursday. Finally, Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.