Otter Creek Advisors LLC Sells 34,571 Shares of Vertiv Holdings Co (NYSE:VRT)

Otter Creek Advisors LLC lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 44.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,352 shares of the company’s stock after selling 34,571 shares during the period. Vertiv accounts for about 3.4% of Otter Creek Advisors LLC’s portfolio, making the stock its 12th biggest position. Otter Creek Advisors LLC’s holdings in Vertiv were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares during the period. Accurate Wealth Management LLC grew its stake in Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares in the last quarter. Allworth Financial LP increased its holdings in Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares during the period. Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. Finally, Bouvel Investment Partners LLC lifted its holdings in shares of Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after acquiring an additional 117 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Vertiv stock opened at $98.42 on Thursday. The stock’s 50 day moving average is $119.31 and its 200 day moving average is $110.24. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The firm has a market cap of $36.94 billion, a P/E ratio of 76.89, a P/E/G 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.

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, 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 in the prior year, the company posted $0.56 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays lowered their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Finally, UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target 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.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

About Vertiv

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.