Ratan Capital Management LP Sells 35,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Ratan Capital Management LP lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 522,085 shares of the company’s stock after selling 35,000 shares during the quarter. Vertiv makes up 9.1% of Ratan Capital Management LP’s holdings, making the stock its 3rd biggest position. Ratan Capital Management LP’s holdings in Vertiv were worth $59,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in Vertiv in the fourth quarter valued at $40,817,000. Point72 Hong Kong Ltd acquired a new position in Vertiv during the fourth quarter worth approximately $3,257,000. Quantinno Capital Management LP raised its stake in Vertiv by 16.1% in the fourth 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 during the period. Occudo Quantitative Strategies LP bought a new position in shares of Vertiv during the 4th quarter worth approximately $381,000. Finally, Morse Asset Management Inc increased its holdings in shares of 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 acquiring an additional 12,258 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup decreased their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. KGI Securities began coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a “hold” rating on the stock. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective for the company. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.38.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

Vertiv Price Performance

VRT opened at $109.13 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market cap of $41.59 billion, a price-to-earnings ratio of 85.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The stock has a fifty day simple moving average of $81.68 and a two-hundred day simple moving average of $106.15. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84.

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

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 currently 8.72%.

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.