Alberta Investment Management Corp purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,900 shares of the company's stock, valued at approximately $3,738,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Silverleafe Capital Partners LLC purchased a new stake in Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Janney Capital Management LLC bought a new stake in Vertiv during the third quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd grew its stake in Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after purchasing an additional 4,500 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.
Vertiv Price Performance
Shares of VRT stock traded down $8.91 during trading hours on Friday, reaching $95.92. The company had a trading volume of 15,613,964 shares, compared to its average volume of 10,219,645. Vertiv Holdings Co has a 12-month low of $61.25 and a 12-month high of $155.84. The company has a market capitalization of $36.00 billion, a price-to-earnings 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 quick ratio of 1.02 and a current ratio of 1.65. The stock has a fifty day moving average of $121.49 and a 200-day moving average of $109.27.
Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 earned $0.56 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Insider Buying and Selling
In other news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on VRT. Bank of America boosted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price on the stock. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.57.
View Our Latest Analysis on VRT
About Vertiv
(
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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