New York-based ExodusPoint Capital Management LP has recently reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 12.9%. This news follows the latest filing with the US Securities and Exchange Commission (SEC). The fund owned 152,539 shares of the company’s stock after selling 22,565 shares during the period. ExodusPoint Capital Management LP’s holdings in Vertiv were worth $2,084,000 as of its most recent SEC filing.
This significant move has now prompted industry analysts to re-examine their stance on Vertiv Holdings Co. Although this reduction won’t make much difference in a company worth over $6 billion, it does suggest that there may be other investors reconsidering their positions.
Vertiv last released earnings results on Wednesday, April 26th. The findings revealed that the company generated $0.24 EPS for Q1 2023- beating the consensus estimate of $0.17 by a steady $0.07. It also had a net margin of 1.96% and a profitable return on equity of 22.92%. The firm reported revenue of $1.52 billion for Q1 2023, outperforming analyst predictions which forecasted revenues closer to $1.45 billion.
The strategic initiatives from Vertiv have worked well so far as they continue to innovate in data centre hardware solutions such as thermal management products, power management products and monitoring systems with modular solutions available for all facilities both small and large-scale space requirements.
In summary, despite ExodusPoint Capital Management LP reducing its stake in Vertiv Holdings Co by just shy of 13%, it should not have too much impact on the overall bullish outlook analysts have for this innovative digital infrastructure technology firm over the next year. With some predicting an increase in earnings per share from expected growth trends amongst businesses for next year coupled with strong sales figures for Q1 shows signs that Vertiv is a vital company to keep an eye on.
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Hedge Funds Show Interest in Critical Infrastructure Tech Company, Vertiv Holdings Co.
Vertiv Holdings Co, a company that specializes in the design, manufacture and service of critical digital infrastructure technology, has recently caught the attention of hedge funds. CI Investments Inc., Brown Brothers Harriman & Co., Harvest Fund Management Co. Ltd, Advisors Asset Management Inc. and Signaturefd LLC have all made changes to their positions in the stock by increasing their holdings in the firm by significant percentages.
CI Investments Inc. increased its position in shares of Vertiv by an impressive 986.4% in the fourth quarter alone, which now sees them owning 2,162 shares of the company’s stock valued at $30,000 after acquiring an additional 1,963 shares during the period. Meanwhile, Brown Brothers Harriman & Co.’s holding grew by 648.5%, whilst Harvest Fund Management Co Ltd’s grew by 39.9% in Q4 respectively.
Advisors Asset Management Inc.’s stake grew in Vertiv by 1,955.2% In Q3 resulting to owning now owns 4,953 shares of the company’s stock worth $48,000 after purchasing an additional 4712 shares in Q4.
Finally, Signaturefd LLC’s stake growth spurt was phenomenal with a rate of 2,971.8% during Q4 when they acquired an additional 4636 shares due to which it now owns a total of 4,792 shares worth $65k.
It is established that as much as 98.59% of Vertiv Holdings Co’s outstanding stock is owned by institutional investors.
According to research firms such as JP Morgan Chase & Co and Citigroup- both massive players within this field-, VRT which opened at $20 .58 on Friday has great potential for growth.With Citigroup itself having raised their target price on the stocks from $18 to $20 implying that it may prove beneficial for those looking to invest long term.
Vertiv Holdings Co’s focus on critical digital infrastructure technology that power, cool, deploy, secure and maintain electronics that process, store and transmit data has made it one of the most promising companies today. The firm’s market capitalization currently stands at a impressive $7.81 billion with a price-to-earnings ratio of 68.58, a PEG ratio of 0.41 and a beta of 1.42 which implies potential growth due to its financials.
Additionally mentioned in other news outlets is the fact that Director Doherty Philip O’ sold 236,132 shares of the company’s stock in a transaction that occurred on Monday, June 5th for $20.06 per share thereby generating total proceeds approximating $4,736,807.92 meaning by owning now only about 17 million shares in the Company which were valued at approximately $343 million.
Overall we conclude that all these research analysts and hedge funds collectively speaking have confidently rated the stocks as holding high potential over the long run for investment opportunities thereby making Vertiv Holdings Company an exciting up and comer amidst numerous tech related fields at present times.