Bwcp LP Has $15.33 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Bwcp LP cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 38.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,039 shares of the company’s stock after selling 110,579 shares during the quarter. Vertiv accounts for about 3.9% of Bwcp LP’s investment portfolio, making the stock its 14th largest holding. Bwcp LP’s holdings in Vertiv were worth $15,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Vertiv by 296.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after purchasing an additional 9,870 shares during the period. California State Teachers Retirement System grew its holdings in shares of Vertiv by 58.8% during the 4th quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock valued at $26,312,000 after acquiring an additional 202,766 shares in the last quarter. Williamson Legacy Group LLC purchased a new stake in shares of Vertiv during the fourth quarter worth $1,645,000. Quadrant Capital Group LLC boosted its position in Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. Finally, Swiss National Bank grew its stake in Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after purchasing an additional 14,100 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 $97.39 on Wednesday. The firm has a market capitalization of $36.54 billion, a PE ratio of 93.64, a PEG ratio of 1.26 and a beta of 1.58. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The firm’s fifty day simple moving average is $79.65 and its 200 day simple moving average is $85.62.

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

Vertiv Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

VRT has been the subject of several recent research reports. TD Cowen boosted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. Evercore ISI restated an “outperform” rating and set a $105.00 price target on shares of Vertiv in a report on Thursday, August 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $102.13.

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.