Vertiv Holdings Co (NYSE:VRT) is Stanley Capital Management LLC’s Largest Position

Stanley Capital Management LLC lowered its position in Vertiv Holdings Co (NYSE:VRT) by 25.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 418,000 shares of the company’s stock after selling 140,000 shares during the quarter. Vertiv comprises 7.4% of Stanley Capital Management LLC’s investment portfolio, making the stock its largest holding. Stanley Capital Management LLC owned approximately 0.11% of Vertiv worth $36,186,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after buying an additional 1,766,784 shares in the last quarter. Coatue Management LLC grew its holdings in Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the 2nd quarter valued at about $331,091,000. Finally, Westfield Capital Management Co. LP grew its holdings in Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after buying an additional 1,563,466 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $96.08 on Tuesday. The business has a 50 day moving average of $79.65 and a 200 day moving average of $85.62. The company has a market capitalization of $35.97 billion, a price-to-earnings ratio of 92.38, a PEG ratio of 1.08 and a beta of 1.58. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. Vertiv’s payout ratio is 9.62%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VRT shares. Evercore ISI reaffirmed an “outperform” rating and set a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. TD Cowen lifted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $102.13.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

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.