Ring Mountain Capital LLC Purchases New Shares in Vertiv Holdings Co (NYSE:VRT)

Ring Mountain Capital LLC acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,604 shares of the company's stock, valued at approximately $637,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new position in Vertiv during the third quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

Vertiv stock traded up $1.39 during trading hours on Wednesday, hitting $87.78. 8,069,023 shares of the stock traded hands, compared to its average volume of 11,000,535. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock has a market capitalization of $33.43 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71. 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 firm's 50 day moving average price is $117.05 and its 200-day moving average price is $110.79.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $0.56 earnings per share. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VRT shares. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.14.

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.