Vertiv Holdings Co (NYSE:VRT) Shares Sold by Berkshire Capital Holdings Inc.

Berkshire Capital Holdings Inc. cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 44.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,150 shares of the company’s stock after selling 57,860 shares during the period. Vertiv makes up approximately 3.0% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 19th biggest position. Berkshire Capital Holdings Inc.’s holdings in Vertiv were worth $8,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VRT. CIBC Asset Management Inc lifted its stake in Vertiv by 5.4% during the third quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock valued at $1,339,000 after purchasing an additional 691 shares during the last quarter. Empowered Funds LLC lifted its stake in Vertiv by 6.5% during the third quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock valued at $547,000 after purchasing an additional 335 shares during the last quarter. Natixis Advisors LLC lifted its stake in Vertiv by 59.2% during the third quarter. Natixis Advisors LLC now owns 128,451 shares of the company’s stock valued at $12,779,000 after purchasing an additional 47,748 shares during the last quarter. Caprock Group LLC acquired a new stake in Vertiv during the third quarter valued at approximately $409,000. Finally, Wrapmanager Inc. acquired a new stake in Vertiv during the third quarter valued at approximately $232,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT opened at $89.25 on Thursday. The company’s fifty day moving average is $109.07 and its 200-day moving average is $111.02. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 69.73, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Analyst Ratings Changes

VRT has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $136.07.

About Vertiv

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.