O Neil Global Advisors Inc. Has $3.03 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

O Neil Global Advisors Inc. cut its stake in Vertiv Holdings Co (NYSE:VRT) by 65.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,631 shares of the company’s stock after selling 51,364 shares during the period. Vertiv makes up 0.9% of O Neil Global Advisors Inc.’s holdings, making the stock its 11th largest position. O Neil Global Advisors Inc.’s holdings in Vertiv were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC grew its holdings in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC increased its holdings in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Janney Capital Management LLC bought a new position in shares of Vertiv during the third quarter valued at $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE VRT opened at $104.56 on Friday. 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 capitalization of $39.24 billion, a price-to-earnings ratio of 81.69, a PEG ratio of 1.10 and a beta of 1.64. The stock has a 50-day moving average of $121.49 and a 200 day moving average of $109.27. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter in the prior year, the business earned $0.56 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction that occurred 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 directly owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the 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 sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays dropped their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target 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 price objective on the stock. The Goldman Sachs Group boosted their target price on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.