Vertiv Holdings Co (NYSE:VRT) shares sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) by 62.2% in the second quarter, Holdings Channel reports. The firm owned 58,654 shares of the company’s stock after selling 96,346 shares during the period. Lighthouse Investment Partners LLC’s holdings in Vertiv were worth $5,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 119 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Vertiv by 33.2% in the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after purchasing an additional 137 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Mather Group LLC. lifted its position in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Merrion Investment Management Co LLC lifted its position in shares of Vertiv by 0.7% in the second quarter. Merrion Investment Management Co LLC now owns 30,200 shares of the company’s stock valued at $2,614,000 after acquiring an additional 200 shares during the last quarter. 89.92% of shares are owned by institutional investors and hedge funds.

Vertiv stock falls 2.2%

Shares of Vertiv stock opened at $98.41 on Friday. The firm has a market cap of $36.84 billion, a PE ratio of 94.63, a P/E/G ratio of 1.26 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00, and a current ratio of 1.36. The company’s 50-day moving average price is $80.81, and its two-hundred-day moving average price is $86.24. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $109.27.

Vertiv (NYSE:VRT – Get Your Free Report ) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. In the same quarter last year, the business earned $0.46 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv announces dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents an annualized dividend of $0.10 and a dividend yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Analyst upgrades and downgrades

Several brokerages have recently commented on VRT. TD Cowen upped 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. Evercore ISI restated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research report on Thursday, August 15th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and cut their price target for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Finally, Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th . Eight research analysts have rated the stock with a buy rating. The stock currently has an average rating of “Buy” and an average price target of $102.13, according to MarketBeat.

Get our latest analysis on Vertiv

Insider trading at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the 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 owns 10,542 shares in the company, valued at approximately $843,254.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 5.01% of shares are currently owned by company insiders.

Vertiv Company Profile

(Free Report)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures and services critical digital infrastructure technologies and lifecycle services for data centers, communications networks and commercial and industrial environments in the Americas, Asia Pacific, Europe, the Middle East and Africa.

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