Vertiv Holdings Co (NYSE:VRT) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 497,506 shares of the company’s stock after selling 127,142 shares during the quarter. Impax Asset Management Group plc owned about 0.13% of Vertiv worth $56,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP boosted its holdings in Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after purchasing an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC acquired a new position in Vertiv during the 3rd quarter worth $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in Vertiv during the 3rd quarter worth about $93,481,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE VRT opened at $95.92 on Monday. Vertiv Holdings Co has a 1-year low of $61.25 and a 1-year high of $155.84. 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 stock has a fifty day moving average price of $120.90 and a 200 day moving average price of $110.04. The company has a market cap of $36.00 billion, a PE ratio of 74.93, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 period in the prior year, the firm posted $0.56 earnings per share. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VRT shares. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Barclays dropped their target price on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Finally, Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is currently owned by insiders.

Vertiv Company 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.