Vertiv Holdings Co (NYSE:VRT) Position Boosted by Intellectus Partners LLC

Intellectus Partners LLC boosted its position in Vertiv Holdings Co (NYSE:VRT) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,920 shares of the company’s stock after buying an additional 420 shares during the quarter. Intellectus Partners LLC’s holdings in Vertiv were worth $644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRT. DAVENPORT & Co LLC increased its holdings in shares of Vertiv by 31.7% in the 4th quarter. DAVENPORT & Co LLC now owns 3,794 shares of the company’s stock valued at $431,000 after acquiring an additional 913 shares during the last quarter. Mather Group LLC. boosted its holdings in Vertiv by 130.9% in the fourth quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $40,000 after purchasing an additional 199 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Vertiv by 27.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company’s stock worth $383,000 after purchasing an additional 734 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Vertiv by 62.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,749 shares of the company’s stock valued at $13,720,000 after purchasing an additional 45,792 shares during the last quarter. Finally, Choreo LLC raised its holdings in shares of Vertiv by 17.4% during the fourth quarter. Choreo LLC now owns 9,392 shares of the company’s stock worth $1,090,000 after purchasing an additional 1,392 shares during the period. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target on the stock. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Finally, Cowen restated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.38.

Vertiv Price Performance

Shares of NYSE VRT opened at $115.47 on Friday. The firm’s 50-day simple moving average is $89.98 and its 200 day simple moving average is $104.87. The stock has a market cap of $44.01 billion, a P/E ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

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.