Blue Grotto Capital LLC Sells 200,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Blue Grotto Capital LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 57.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,000 shares of the company’s stock after selling 200,000 shares during the period. Vertiv accounts for approximately 3.1% of Blue Grotto Capital LLC’s portfolio, making the stock its 15th largest position. Blue Grotto Capital LLC’s holdings in Vertiv were worth $17,042,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VRT. PNC Financial Services Group Inc. raised its stake in Vertiv by 10.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 28,066 shares of the company’s stock valued at $2,792,000 after purchasing an additional 2,604 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Vertiv by 123.1% during the third quarter. Raymond James Trust N.A. now owns 5,833 shares of the company’s stock valued at $580,000 after buying an additional 3,218 shares during the last quarter. Cerity Partners LLC grew its position in Vertiv by 25.5% during the third quarter. Cerity Partners LLC now owns 44,729 shares of the company’s stock worth $4,450,000 after buying an additional 9,086 shares in the last quarter. Algert Global LLC acquired a new position in Vertiv in the 3rd quarter valued at approximately $518,000. Finally, Larson Financial Group LLC lifted its position in shares of Vertiv by 232.9% in the 3rd quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock worth $83,000 after acquiring an additional 587 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VRT shares. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Performance

VRT stock opened at $91.55 on Wednesday. The stock has a market capitalization of $34.86 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a 50 day moving average price of $106.11 and a 200 day moving average price 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 results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the firm earned $0.56 EPS. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

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.