Leavell Investment Management Inc. Invests $280,000 in Vertiv Holdings Co (NYSE:VRT)

Leavell Investment Management Inc. acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,465 shares of the company's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares during the last quarter. State Street Corp increased its holdings in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after buying an additional 308,704 shares during the last quarter. Geode Capital Management LLC increased its holdings in Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after buying an additional 408,054 shares during the last quarter. Wellington Management Group LLP increased its holdings in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock valued at $359,315,000 after buying an additional 40,696 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares of the company's stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last three months. 5.01% of the stock is currently owned by company insiders.

Vertiv Price Performance

Shares of NYSE VRT traded up $2.09 during trading on Tuesday, hitting $110.14. The company had a trading volume of 3,627,759 shares, compared to its average volume of 10,116,056. The company has a market cap of $41.34 billion, a P/E ratio of 73.43, a PEG ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84. The business's 50-day moving average is $122.50 and its 200 day moving average is $109.03. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly 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 55.33% and a net margin of 7.72%. During the same period in the previous year, the company earned $0.56 EPS. Equities research analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRT. TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the company an "outperform" 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 target price for the company. Finally, Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.

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.