Wrapmanager Inc. Has $282,000 Stake in Vertiv Holdings Co (NYSE:VRT)

Wrapmanager Inc. grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,480 shares of the company’s stock after buying an additional 152 shares during the quarter. Wrapmanager Inc.’s holdings in Vertiv were worth $282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted 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 worth $30,000 after buying an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv during the 4th quarter worth about $34,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on VRT. Barclays cut their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Up 0.9 %

Shares of VRT opened at $91.85 on Wednesday. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The firm has a market cap of $34.47 billion, a P/E ratio of 71.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The firm’s 50-day simple moving average is $119.62 and its 200 day simple moving average is $110.33. 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 (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 last year, the company posted $0.56 EPS. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.