Blue Whale Capital LLP Sells 372,655 Shares of Vertiv Holdings Co (NYSE:VRT)

Blue Whale Capital LLP decreased its position in Vertiv Holdings Co (NYSE:VRT) by 39.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 566,946 shares of the company’s stock after selling 372,655 shares during the period. Vertiv comprises 4.8% of Blue Whale Capital LLP’s portfolio, making the stock its 9th biggest position. Blue Whale Capital LLP owned about 0.15% of Vertiv worth $64,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 11.9 %

VRT opened at $59.42 on Monday. The company has a fifty day moving average of $95.23 and a 200-day moving average of $111.10. Vertiv Holdings Co has a twelve month low of $51.42 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market cap of $22.63 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $0.56 earnings per share. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.25%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

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.