Rhumbline Advisers Decreases Stake in Vertiv Holdings Co (NYSE:VRT)

Rhumbline Advisers lowered its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 478,295 shares of the company's stock after selling 6,661 shares during the quarter. Rhumbline Advisers owned about 0.13% of Vertiv worth $54,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Silverleafe Capital Partners LLC purchased a new stake in Vertiv in the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC increased its stake in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after buying an additional 13,559 shares during the period. Empowered Funds LLC lifted its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Whittier Trust Co. boosted its position in Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after buying an additional 8,579 shares during the period. Finally, Janney Capital Management LLC bought a new position in Vertiv in the 3rd quarter worth about $8,403,000. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

VRT traded down $3.28 on Thursday, reaching $104.56. 9,021,452 shares of the stock were exchanged, compared to its average volume of 10,055,946. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company's 50-day moving average price is $121.91 and its 200 day moving average price is $109.30. The firm has a market capitalization of $39.24 billion, a PE ratio of 81.69, a PEG ratio of 1.12 and a beta of 1.64. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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 return on equity of 69.69% and a net margin of 6.19%. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 19,551 shares of the company's stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % 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 valued at $20,997,311 in the last ninety days. Insiders own 5.01% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on VRT shares. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. TD Cowen upped their target price on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.