Vertiv Holdings Co (NYSE:VRT) Holdings Decreased by Nkcfo LLC

Nkcfo LLC cut its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 93.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,000 shares of the company's stock after selling 14,000 shares during the period. Nkcfo LLC's holdings in Vertiv were worth $114,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VRT. Creative Planning boosted its holdings in shares of Vertiv by 20.2% in the 3rd quarter. Creative Planning now owns 43,618 shares of the company's stock valued at $4,340,000 after buying an additional 7,341 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Vertiv by 627.2% in the 3rd quarter. Global Retirement Partners LLC now owns 15,627 shares of the company's stock valued at $1,555,000 after buying an additional 13,478 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Vertiv by 4.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 20,271 shares of the company's stock valued at $2,017,000 after buying an additional 834 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Vertiv by 79.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,385 shares of the company's stock valued at $5,311,000 after buying an additional 23,570 shares during the period. Finally, Claro Advisors LLC boosted its holdings in shares of Vertiv by 74.3% in the 3rd quarter. Claro Advisors LLC now owns 5,155 shares of the company's stock valued at $513,000 after buying an additional 2,197 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction 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 transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction 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 transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,180 shares of company stock worth $20,997,311 in the last three months. 5.01% of the stock is currently owned by insiders.

Vertiv Price Performance

Shares of VRT stock traded down $2.32 during mid-day trading on Wednesday, hitting $107.64. 5,937,426 shares of the stock traded hands, compared to its average volume of 10,087,842. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The firm has a market cap of $40.40 billion, a price-to-earnings ratio of 84.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company's 50-day simple moving average is $121.91 and its 200-day simple moving average is $109.30. 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 issued 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 69.69% and a net margin of 6.19%. During the same quarter in the previous year, the firm posted $0.56 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VRT. Mizuho boosted their target price on shares of 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 target on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.