Meitav Investment House Ltd. Sells 187,500 Shares of Vertiv Holdings Co (NYSE:VRT)

Meitav Investment House Ltd. cut its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,500 shares of the company's stock after selling 187,500 shares during the period. Meitav Investment House Ltd.'s holdings in Vertiv were worth $21,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv in the fourth quarter valued at $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Vertiv in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VRT. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $138.57.

Insider Activity at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares of the company's stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % 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.

Vertiv Stock Performance

NYSE VRT traded down $8.91 on Friday, hitting $95.92. 14,648,036 shares of the stock traded hands, compared to its average volume of 10,146,219. 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 business's fifty day moving average is $121.49 and its two-hundred day moving average is $109.27. Vertiv Holdings Co has a 12 month low of $61.25 and a 12 month high of $155.84. 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 (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company posted $0.56 earnings per share. As a group, equities analysts anticipate 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.