Berkshire Capital Holdings Inc. Sells 57,860 Shares of Vertiv Holdings Co (NYSE:VRT)

Berkshire Capital Holdings Inc. cut its stake in Vertiv Holdings Co (NYSE:VRT) by 44.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 73,150 shares of the company’s stock after selling 57,860 shares during the period. Vertiv makes up approximately 3.0% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 19th largest holding. Berkshire Capital Holdings Inc.’s holdings in Vertiv were worth $8,311,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VRT. Jennison Associates LLC boosted its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its holdings in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Castle Hook Partners LP boosted its holdings in Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after purchasing an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $110,517,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Vertiv in the 3rd quarter valued at $93,481,000. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Barclays dropped their price objective on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Melius Research restated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Trading Up 5.4 %

VRT opened at $89.25 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 stock has a market capitalization of $33.99 billion, a PE ratio of 69.73, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The firm has a 50-day moving average price of $109.07 and a two-hundred day moving average price of $111.02.

Vertiv (NYSE:VRT) last issued its 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the firm posted $0.56 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

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.