Riposte Capital LLC Reduces Holdings in Vertiv Holdings Co (NYSE:VRT)

Riposte Capital LLC reduced its position in Vertiv Holdings Co (NYSE:VRT) by 37.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 110,000 shares of the company’s stock after selling 65,000 shares during the period. Vertiv accounts for about 2.4% of Riposte Capital LLC’s portfolio, making the stock its 9th biggest position. Riposte Capital LLC’s holdings in Vertiv were worth $12,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Vertiv in the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Down 0.6 %

Shares of NYSE VRT opened at $88.58 on Monday. The company has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a 50 day simple moving average of $107.46 and a 200-day simple moving average of $111.41. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a 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 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.