Beacon Harbor Wealth Advisors Inc. Purchases Shares of 56,494 Vertiv Holdings Co (NYSE:VRT)

Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 56,494 shares of the company's stock, valued at approximately $6,418,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dana Investment Advisors Inc. increased its holdings in shares of Vertiv by 4.6% in the fourth quarter. Dana Investment Advisors Inc. now owns 32,088 shares of the company's stock worth $3,646,000 after purchasing an additional 1,425 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Vertiv by 1.6% in the fourth quarter. Arizona State Retirement System now owns 103,513 shares of the company's stock worth $11,760,000 after purchasing an additional 1,626 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Vertiv in the fourth quarter worth about $1,162,000. Proficio Capital Partners LLC bought a new stake in shares of Vertiv in the fourth quarter worth about $14,495,000. Finally, M&T Bank Corp increased its holdings in shares of Vertiv by 2.9% in the fourth quarter. M&T Bank Corp now owns 36,936 shares of the company's stock worth $4,196,000 after purchasing an additional 1,025 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRT. The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Finally, UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $137.14.

Vertiv Stock Up 1.6 %

Shares of NYSE:VRT opened at $87.78 on Thursday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The business has a 50 day simple moving average of $116.43 and a two-hundred day simple moving average of $110.63. The firm has a market capitalization of $33.43 billion, a PE ratio of 68.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the firm earned $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Company Profile

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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