First Horizon Advisors Inc. Cuts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

First Horizon Advisors Inc. decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,690 shares of the company’s stock after selling 114 shares during the period. First Horizon Advisors Inc.’s holdings in Vertiv were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group purchased a new position in Vertiv during the 3rd quarter valued at about $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the 4th quarter valued at about $30,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Vertiv in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 5.2 %

NYSE:VRT opened at $90.96 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company’s 50 day moving average is $120.20 and its two-hundred day moving average is $110.18. The company has a market cap of $34.14 billion, a PE ratio of 71.06, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.56 earnings per share. Analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VRT shares. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.