WINTON GROUP Ltd Decreases Holdings in Vertiv Holdings Co (NYSE:VRT)

WINTON GROUP Ltd decreased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 77.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,984 shares of the company’s stock after selling 14,015 shares during the period. WINTON GROUP Ltd’s holdings in Vertiv were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in Vertiv during the 1st quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its stake in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares during the period. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv in the first quarter worth $27,000. Mather Group LLC. increased its stake in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Vertiv in the first quarter worth $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $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 owned by insiders.

Wall Street Analyst Weigh In

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

Vertiv Stock Performance

NYSE:VRT opened at $87.66 on Thursday. The company’s 50-day moving average price is $79.41 and its 200-day moving average price is $85.04. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The company has a market cap of $32.82 billion, a P/E ratio of 84.29, a P/E/G ratio of 1.08 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $109.27.

Vertiv (NYSE:VRT) last issued its earnings results 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 net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. Vertiv’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

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.