QRG Capital Management Inc. Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

QRG Capital Management Inc. grew its stake in Vertiv Holdings Co (NYSE:VRT) by 62.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,225 shares of the company’s stock after buying an additional 15,438 shares during the quarter. QRG Capital Management Inc.’s holdings in Vertiv were worth $4,570,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC raised its stake in Vertiv by 61.3% in the fourth 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. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT opened at $95.09 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. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a 50-day simple moving average of $118.34 and a 200-day simple moving average of $110.27. The company has a market capitalization of $35.69 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.56 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. 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. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Mizuho boosted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.