Fintel reports that Starboard Value has filed a 13D/A form with the SEC disclosing ownership of 14.31MM shares of Vertiv Holdings Co – Class A (VRT). This represents 3.8% of the company.
In their previous filing dated May 26, 2023 they reported 21.34MM shares and 5.60% of the company, a decrease in shares of 32.94% and a decrease in total ownership of 1.80% (calculated as current – previous percent ownership).
Analyst Price Forecast Suggests 6.89% Downside
As of July 6, 2023, the average one-year price target for Vertiv Holdings Co – is 24.37. The forecasts range from a low of 14.14 to a high of $31.50. The average price target represents a decrease of 6.89% from its latest reported closing price of 26.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vertiv Holdings Co – is 6,097MM, an increase of 0.67%. The projected annual non-GAAP EPS is 1.11.
What is the Fund Sentiment?
There are 594 funds or institutions reporting positions in Vertiv Holdings Co -. This is an increase of 28 owner(s) or 4.95% in the last quarter. Average portfolio weight of all funds dedicated to VRT is 0.40%, an increase of 1.38%. Total shares owned by institutions decreased in the last three months by 2.69% to 384,596K shares. The put/call ratio of VRT is 0.35, indicating a bullish outlook.
What are Other Shareholders Doing?
Platinum Equity Advisors holds 37,955K shares representing 10.00% ownership of the company. No change in the last quarter.
Barrow Hanley Mewhinney & Strauss holds 32,138K shares representing 8.46% ownership of the company. In it’s prior filing, the firm reported owning 32,921K shares, representing a decrease of 2.44%. The firm increased its portfolio allocation in VRT by 5.40% over the last quarter.
Invesco holds 12,621K shares representing 3.32% ownership of the company. In it’s prior filing, the firm reported owning 10,556K shares, representing an increase of 16.36%. The firm decreased its portfolio allocation in VRT by 88.96% over the last quarter.
Clearbridge Investments holds 12,267K shares representing 3.23% ownership of the company. In it’s prior filing, the firm reported owning 15,121K shares, representing a decrease of 23.26%. The firm decreased its portfolio allocation in VRT by 17.78% over the last quarter.
New South Capital Management holds 9,877K shares representing 2.60% ownership of the company. In it’s prior filing, the firm reported owning 10,271K shares, representing a decrease of 3.98%. The firm increased its portfolio allocation in VRT by 100,484.67% over the last quarter.
Vertiv Holdings Background Information
(This description is provided by the company.)
Vertiv brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. As Architects of Continuity™, Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, USA, Vertiv employs approximately 20,000 people and does business in more than 130 countries.
This article originally appeared on Fintel
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