Cannell & Spears LLC Trims Stake in Vertiv Holdings Co (NYSE:VRT)

Cannell & Spears LLC trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 691,333 shares of the company’s stock after selling 56,438 shares during the quarter. Vertiv accounts for 1.6% of Cannell & Spears LLC’s holdings, making the stock its 12th largest holding. Cannell & Spears LLC owned about 0.18% of Vertiv worth $78,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new position in Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of 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 in the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Vertiv in the fourth quarter worth approximately $34,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $74.32 on Monday. The stock has a 50-day moving average of $102.74 and a two-hundred day moving average of $111.69. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market cap of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 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 business earned $0.56 EPS. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRT. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

About Vertiv

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.