Lisanti Capital Growth LLC Has $835,000 Position in Vertiv Holdings Co (NYSE:VRT)

Lisanti Capital Growth LLC lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 82.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,380 shares of the company’s stock after selling 84,475 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Vertiv were worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Vertiv during the fourth quarter worth $26,000. First Horizon Advisors Inc. grew its holdings in shares of Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 409 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Vertiv in the 4th quarter worth about $38,000. TFC Financial Management Inc. bought a new stake in shares of Vertiv in the 4th quarter worth about $42,000. Finally, Clearstead Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 2.4 %

Vertiv stock traded down $2.35 during trading hours on Tuesday, reaching $94.91. 5,718,537 shares of the company’s stock traded hands, compared to its average volume of 8,168,723. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. Vertiv Holdings Co has a fifty-two week low of $14.68 and a fifty-two week high of $97.49. The firm has a market capitalization of $35.53 billion, a price-to-earnings ratio of 91.26, a PEG ratio of 1.41 and a beta of 1.55. The firm’s 50 day moving average is $80.75 and its 200-day moving average is $60.37.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is 9.62%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America upped their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Mizuho upped their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Evercore ISI increased their price objective on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $81.11.

Insider Activity at Vertiv

In related news, Director Doherty Philip O’ sold 488,705 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now directly owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doherty Philip O’ sold 488,705 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares in the company, valued at $1,108,747,391.68. The disclosure for this sale can be found here. Insiders have sold 3,362,790 shares of company stock worth $306,451,347 in the last ninety days. Company insiders own 5.62% of the company’s stock.

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.