Braun Stacey Associates Inc. Has $43.79 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Braun Stacey Associates Inc. decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 385,450 shares of the company's stock after selling 85,141 shares during the period. Vertiv comprises 1.6% of Braun Stacey Associates Inc.'s portfolio, making the stock its 10th biggest position. Braun Stacey Associates Inc. owned about 0.10% of Vertiv worth $43,791,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the fourth quarter valued at approximately $30,000. Global Trust Asset Management LLC bought a new position in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Vertiv in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Melius Research reissued a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $138.57.

Vertiv Stock Down 8.5 %

VRT traded down $8.91 during trading on Friday, hitting $95.92. The company had a trading volume of 15,613,964 shares, compared to its average volume of 10,219,645. The company has a market capitalization of $36.00 billion, a PE ratio of 74.93, a PEG ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a one year low of $61.25 and a one year high of $155.84. The firm's 50-day moving average price is $120.90 and its 200 day moving average price is $109.46. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period in the previous year, the company posted $0.56 EPS. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were 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 in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company's stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

About Vertiv

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.