Advyzon Investment Management LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,196 shares of the company's stock, valued at approximately $363,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Vertiv by 20.2% in the 3rd quarter. Creative Planning now owns 43,618 shares of the company's stock worth $4,340,000 after acquiring an additional 7,341 shares during the last quarter. Blue Trust Inc. lifted its stake in Vertiv by 360.1% in the third quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $332,000 after purchasing an additional 2,611 shares during the last quarter. Venture Visionary Partners LLC purchased a new position in shares of Vertiv during the third quarter valued at approximately $1,052,000. Copeland Capital Management LLC bought a new position in shares of Vertiv during the third quarter valued at approximately $143,000. Finally, Sequoia Financial Advisors LLC grew its position in Vertiv by 42.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company's stock valued at $613,000 after acquiring an additional 1,830 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on VRT. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $138.57.
View Our Latest Research Report on Vertiv
Insider Buying and Selling
In related news, Director Jan Van Dokkum sold 38,647 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.
Vertiv Stock Down 8.5 %
Vertiv stock traded down $8.91 during midday trading on Friday, reaching $95.92. The company's stock had a trading volume of 14,648,036 shares, compared to its average volume of 10,146,219. Vertiv Holdings Co has a 52-week low of $61.25 and a 52-week high of $155.84. The stock has a market capitalization of $36.00 billion, a P/E ratio of 74.93, a PEG ratio of 1.10 and a beta of 1.64. 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 stock's 50-day simple moving average is $121.49 and its 200-day simple moving average is $109.27.
Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $0.56 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Profile
(
Free Report)
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.
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