Lyell Wealth Management LP Increases Position in Vertiv Holdings Co (NYSE:VRT)

Lyell Wealth Management LP raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 133.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,649 shares of the company's stock after purchasing an additional 20,379 shares during the quarter. Lyell Wealth Management LP's holdings in Vertiv were worth $4,050,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter worth $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the 4th quarter worth $30,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the third quarter valued at $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of 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 in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv in the fourth quarter worth about $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares of the company's stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Melius Research restated a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.

Vertiv Stock Down 8.5 %

Shares of VRT traded down $8.91 during mid-day trading on Friday, hitting $95.92. 15,613,964 shares of the company traded hands, compared to its average volume of 10,219,645. The business has a 50 day moving average of $120.90 and a 200 day moving average of $109.46. The company has a market capitalization 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 quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $61.25 and a 1-year high of $155.84.

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, topping analysts' consensus estimates 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 earned $0.56 earnings per share. Equities research analysts anticipate 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.