Fox Run Management L.L.C. Sells 5,296 Shares of Vertiv Holdings Co (NYSE:VRT)

Fox Run Management L.L.C. decreased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 57.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,918 shares of the company’s stock after selling 5,296 shares during the quarter. Fox Run Management L.L.C.’s holdings in Vertiv were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VRT. Silverleafe Capital Partners LLC bought a new stake in Vertiv during the 4th quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC boosted its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC grew its stake in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd raised its holdings in Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after buying an additional 936,698 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Price Performance

Shares of NYSE:VRT opened at $91.55 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $34.86 billion, a price-to-earnings ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a 50-day simple moving average of $106.11 and a two-hundred day simple moving average of $111.68. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $0.56 EPS. On average, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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 given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Vertiv 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.