MYDA Advisors LLC Boosts Stake in Vertiv Holdings Co (NYSE:VRT)

MYDA Advisors LLC increased its position in Vertiv Holdings Co (NYSE:VRT) by 83.3% in the 1st quarter, Holdings Channel reports. The firm owned 110,000 shares of the company’s stock after buying an additional 50,000 shares during the period. MYDA Advisors LLC’s holdings in Vertiv were worth $2,200,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in Vertiv by 0.6% during the 4th quarter. Stifel Financial Corp now owns 83,518 shares of the company’s stock valued at $1,560,000 after acquiring an additional 484 shares during the last quarter. Elevated Capital Advisors LLC raised its stake in Vertiv by 2.0% during the 1st quarter. Elevated Capital Advisors LLC now owns 29,696 shares of the company’s stock valued at $647,000 after acquiring an additional 594 shares during the last quarter. Global Retirement Partners LLC raised its stake in Vertiv by 44.6% during the 1st quarter. Global Retirement Partners LLC now owns 2,754 shares of the company’s stock valued at $55,000 after acquiring an additional 849 shares during the last quarter. Stephenson National Bank & Trust raised its stake in Vertiv by 11.0% during the 1st quarter. Stephenson National Bank & Trust now owns 12,387 shares of the company’s stock valued at $248,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in Vertiv during the 1st quarter valued at approximately $26,000. 90.22% of the stock is owned by institutional investors and hedge funds.

Shares of VRT traded up $0.15 on Friday, reaching $26.06. The stock had a trading volume of 9,190 shares, compared to its average volume of 3,864,340. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 76.21, a PEG ratio of 1.13 and a beta of 0.89. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.62 and a quick ratio of 1.31. The company’s 50-day moving average is $23.15. Vertiv Holdings Co has a twelve month low of $12.09 and a twelve month high of $26.55.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 28th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Vertiv had a return on equity of 79.60% and a net margin of 2.56%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities analysts anticipate that Vertiv Holdings Co will post 1.11 EPS for the current year.

Several analysts have commented on VRT shares. Citigroup upped their price objective on Vertiv from $25.00 to $29.00 in a research note on Thursday, April 29th. JPMorgan Chase & Co. started coverage on Vertiv in a research note on Thursday, April 8th. They set an “overweight” rating and a $25.00 price objective for the company. Zacks Investment Research upgraded Vertiv from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, April 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Vertiv from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $23.44.

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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