Polar Capital Holdings Plc Sells 63,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Polar Capital Holdings Plc trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 43.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,800 shares of the company’s stock after selling 63,000 shares during the period. Polar Capital Holdings Plc’s holdings in Vertiv were worth $9,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP increased its position in Vertiv by 16.1% in the 4th quarter. Quantinno Capital Management LP now owns 81,539 shares of the company’s stock valued at $9,264,000 after buying an additional 11,330 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in Vertiv during the 4th quarter worth approximately $381,000. Morse Asset Management Inc increased its holdings in Vertiv by 110.3% during the 4th quarter. Morse Asset Management Inc now owns 23,373 shares of the company’s stock worth $2,655,000 after purchasing an additional 12,258 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vertiv by 41.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,905 shares of the company’s stock worth $4,874,000 after purchasing an additional 12,610 shares in the last quarter. Finally, Moore Capital Management LP grew its holdings in shares of Vertiv by 36.7% in the fourth quarter. Moore Capital Management LP now owns 398,377 shares of the company’s stock valued at $45,260,000 after acquiring an additional 106,955 shares in the last quarter. 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 firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.01% of the company’s stock.

Vertiv Price Performance

NYSE:VRT opened at $105.69 on Friday. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 82.57, a P/E/G ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a fifty day moving average of $82.24 and a 200 day moving average of $106.10. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is 8.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VRT. KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They issued a “hold” rating for the company. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Citigroup reduced their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Finally, Cowen reissued a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.38.

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.