Boothbay Fund Management LLC Has $8.77 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Boothbay Fund Management LLC lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 19.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,211 shares of the company’s stock after selling 19,158 shares during the period. Boothbay Fund Management LLC’s holdings in Vertiv were worth $8,772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of VRT. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $597,379,000. Norges Bank bought a new position in Vertiv in the 4th quarter valued at approximately $391,777,000. Jennison Associates LLC boosted its position in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after buying an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 3.8 %

Vertiv stock opened at $87.06 on Friday. The company has a market capitalization of $33.15 billion, a PE ratio of 68.02, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm’s fifty day moving average is $81.05 and its 200 day moving average is $107.57. 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

Analyst Ratings Changes

A number of equities analysts have issued reports on VRT shares. Morgan Stanley lowered their target price on Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday. Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Finally, The Goldman Sachs Group cut their price target on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.