Prakash Investment Advisors LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Prakash Investment Advisors LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,620 shares of the company's stock, valued at approximately $411,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after acquiring an additional 84 shares during the period. Accurate Wealth Management LLC increased its stake in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after acquiring an additional 87 shares during the period. Allworth Financial LP increased its stake in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after acquiring an additional 100 shares during the period. Bouvel Investment Partners LLC increased its stake in Vertiv by 1.1% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock valued at $1,261,000 after acquiring an additional 117 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Vertiv by 16.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company's stock valued at $95,000 after acquiring an additional 121 shares during the period. Institutional investors own 89.92% of the company's stock.

Insider Transactions at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm's 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 owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Down 8.5 %

Vertiv stock traded down $8.91 during mid-day trading on Friday, reaching $95.92. The company's stock had a trading volume of 15,613,964 shares, compared to its average volume of 10,219,645. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a 12 month low of $61.25 and a 12 month high of $155.84. The business's 50 day simple moving average is $121.49 and its 200 day simple moving average is $109.27. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price on the stock. Finally, Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.57.

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.