ING Groep NV Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

ING Groep NV purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 167,500 shares of the company's stock, valued at approximately $19,030,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after buying an additional 84 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after purchasing an additional 87 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock worth $63,000 after purchasing an additional 100 shares in the last quarter. Bouvel Investment Partners LLC lifted its holdings in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock worth $1,261,000 after purchasing an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company's stock worth $95,000 after purchasing an additional 121 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent analyst reports. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for 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 research report on Tuesday, November 19th. Finally, Barclays decreased their target price on Vertiv from $142.00 to $131.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.

Insider Activity

In related news, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Vertiv Price Performance

Shares of VRT traded down $8.91 during trading hours on Friday, reaching $95.92. 15,613,964 shares of the company's stock traded hands, compared to its average volume of 10,219,645. The stock has a market cap of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm's 50 day simple moving average is $121.49 and its 200-day simple moving average is $109.27. Vertiv Holdings Co has a 12 month low of $61.25 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 earnings per share. Equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current 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.