Convergence Investment Partners LLC Buys 7,480 Shares of Vertiv Holdings Co (NYSE:VRT)

Convergence Investment Partners LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 104.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,630 shares of the company's stock after acquiring an additional 7,480 shares during the period. Convergence Investment Partners LLC's holdings in Vertiv were worth $1,662,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter worth approximately $26,000. Global Trust Asset Management LLC acquired a new stake in Vertiv during the third quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv in the 3rd quarter valued at $30,000. Finally, OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 8.5 %

Shares of NYSE:VRT traded down $8.91 during midday trading on Friday, reaching $95.92. The company's stock had a trading volume of 15,613,964 shares, compared to its average volume of 10,219,645. 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 firm has a 50 day moving average price of $120.90 and a two-hundred day moving average price of $109.46. The firm 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. Vertiv Holdings Co has a fifty-two week low of $61.25 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the company posted $0.56 earnings per share. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction 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 approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price target for the company. Finally, Mizuho increased their price target on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $138.57.

Vertiv 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.