Lingotto Investment Management LLP Sells 33,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Lingotto Investment Management LLP decreased its holdings in Vertiv Holdings Co (NYSE:VRT) by 35.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,000 shares of the company’s stock after selling 33,000 shares during the period. Lingotto Investment Management LLP’s holdings in Vertiv were worth $6,817,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRT. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $91.85 on Wednesday. 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 $34.47 billion, a price-to-earnings ratio of 71.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. 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 company’s 50 day simple moving average is $119.62 and its 200 day simple moving average is $110.33.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period last year, the business posted $0.56 EPS. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.