7,823 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Myriad Asset Management US LP

Myriad Asset Management US LP bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,823 shares of the company's stock, valued at approximately $889,000.

Other large investors have also recently made changes to their positions in the company. Quaero Capital S.A. grew its position in Vertiv by 5.0% in the fourth quarter. Quaero Capital S.A. now owns 20,326 shares of the company's stock worth $2,309,000 after acquiring an additional 961 shares in the last quarter. WASHINGTON TRUST Co grew its position in Vertiv by 35.7% in the fourth quarter. WASHINGTON TRUST Co now owns 760 shares of the company's stock worth $86,000 after acquiring an additional 200 shares in the last quarter. Bogart Wealth LLC purchased a new position in Vertiv in the fourth quarter worth about $241,000. Guardian Asset Advisors LLC grew its position in Vertiv by 19.0% in the fourth quarter. Guardian Asset Advisors LLC now owns 10,783 shares of the company's stock worth $1,225,000 after acquiring an additional 1,719 shares in the last quarter. Finally, SFE Investment Counsel purchased a new position in Vertiv in the fourth quarter worth about $212,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Up 2.0 %

NYSE:VRT traded up $2.11 during trading hours on Tuesday, reaching $110.16. The company's stock had a trading volume of 6,707,362 shares, compared to its average volume of 10,221,605. The company has a market capitalization of $41.35 billion, a P/E ratio of 73.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a 50 day moving average price of $122.27 and a two-hundred day moving average price of $109.31.

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

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last 90 days. Corporate insiders own 5.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on VRT shares. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Barclays dropped 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 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 has an average rating of "Moderate Buy" and an average target price 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.