Vertiv Holdings Co (NYSE:VRT) Shares Sold by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. cut its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 65.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,631 shares of the company's stock after selling 51,364 shares during the period. Vertiv makes up 0.9% of O Neil Global Advisors Inc.'s investment portfolio, making the stock its 11th largest position. O Neil Global Advisors Inc.'s holdings in Vertiv were worth $3,026,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning grew its position in Vertiv by 20.2% during the third quarter. Creative Planning now owns 43,618 shares of the company's stock valued at $4,340,000 after acquiring an additional 7,341 shares during the period. Blue Trust Inc. lifted its stake in shares of Vertiv by 360.1% in the 3rd quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $332,000 after purchasing an additional 2,611 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Vertiv by 42.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company's stock worth $613,000 after purchasing an additional 1,830 shares during the period. Signaturefd LLC increased its position in Vertiv by 17.1% during the 3rd quarter. Signaturefd LLC now owns 6,567 shares of the company's stock worth $653,000 after purchasing an additional 957 shares in the last quarter. Finally, Eastern Bank purchased a new position in Vertiv in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Barclays reduced their price objective on Vertiv from $142.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Finally, Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Four research 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 an average rating of "Moderate Buy" and a consensus price target of $138.57.

Vertiv Stock Down 8.5 %

Shares of NYSE:VRT traded down $8.91 during midday trading on Friday, reaching $95.92. The company had a trading volume of 15,613,964 shares, compared to its average volume of 10,219,645. Vertiv Holdings Co has a one year low of $61.25 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market capitalization of $36.00 billion, a P/E ratio of 74.93, a PEG ratio of 1.10 and a beta of 1.64. The stock's fifty day moving average price is $121.49 and its 200-day moving average price is $109.27.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the company posted $0.56 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were 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 owns 19,551 shares of the company's stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 25,000 shares of the company's stock, valued at $3,409,750. This trade represents a 60.72 % 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 insiders.

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.