Blue Whale Capital LLP Has $64.41 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Blue Whale Capital LLP reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 39.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 566,946 shares of the company’s stock after selling 372,655 shares during the quarter. Vertiv makes up 4.8% of Blue Whale Capital LLP’s investment portfolio, making the stock its 9th largest holding. Blue Whale Capital LLP’s holdings in Vertiv were worth $64,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC boosted its stake in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares during the last quarter. Horizon Investment Services LLC increased its stake in shares of Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after purchasing an additional 95 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Down 11.9 %

Shares of NYSE VRT opened at $59.42 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average is $95.23 and its 200 day moving average is $111.10. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $51.42 and a 52 week high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 in the previous year, the company earned $0.56 EPS. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.25%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VRT shares. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.67.

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.