Janus Henderson Group PLC Sells 1,293,223 Shares of Vertiv Holdings Co (NYSE:VRT)

Janus Henderson Group PLC cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 43.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,716,724 shares of the company’s stock after selling 1,293,223 shares during the period. Janus Henderson Group PLC owned 0.46% of Vertiv worth $195,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC bought a new position in Vertiv in the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% in 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 period. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

VRT has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Barclays dropped their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective for the company. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, Citigroup dropped their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $120.38.

Vertiv Price Performance

Shares of NYSE:VRT opened at $94.17 on Monday. The stock has a market cap of $35.89 billion, a PE ratio of 73.57, a PEG ratio of 1.07 and a beta of 1.70. The company’s fifty day moving average is $80.47 and its 200 day moving average is $106.22. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week 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.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share 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 given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

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.