Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,625 shares of the company's stock, valued at approximately $298,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP grew its stake in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP grew its stake in Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company's stock worth $185,492,000 after acquiring an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in Vertiv in the 3rd quarter worth approximately $93,481,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VRT has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price for the company. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective for the company. Finally, Melius Research reissued a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $138.57.
Check Out Our Latest Research Report on VRT
Vertiv Stock Down 8.5 %
Shares of NYSE:VRT traded down $8.91 during midday trading on Friday, hitting $95.92. 15,613,964 shares of the company's stock traded hands, compared to its average volume of 10,219,645. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $36.00 billion, a PE ratio of 74.93, a P/E/G ratio of 1.10 and a beta of 1.64. The firm's fifty day moving average price is $120.90 and its two-hundred day moving average price is $109.46. Vertiv Holdings Co has a twelve month low of $61.25 and a twelve month high of $155.84.
Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company posted $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.
Insiders Place Their Bets
In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction 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 owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at $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 company insiders.
Vertiv Profile
(
Free Report)
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.
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