Vertiv Holdings Co (NYSE:VRT) Stake Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,674 shares of the company's stock after purchasing an additional 51,074 shares during the period. Handelsbanken Fonder AB owned about 0.10% of Vertiv worth $43,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its position in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares during the last quarter. Janney Capital Management LLC acquired a new stake in Vertiv during the third quarter worth approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the company'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 completion of the transaction, the executive vice president now owns 19,551 shares in the company, 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 is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % 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 corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on VRT. Barclays reduced their target price on Vertiv from $142.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. UBS Group assumed 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. Finally, Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.57.

Vertiv Stock Down 8.5 %

Shares of VRT traded down $8.91 during 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 twelve month low of $61.25 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a fifty day moving average of $121.49 and a two-hundred day moving average of $109.27.

Vertiv (NYSE:VRT - Get Free Report) last released 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.