2,000 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Vertiv by 20.2% in the third quarter. Creative Planning now owns 43,618 shares of the company’s stock valued at $4,340,000 after acquiring an additional 7,341 shares during the period. Sequoia Financial Advisors LLC raised its stake in Vertiv by 42.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company’s stock valued at $613,000 after purchasing an additional 1,830 shares during the last quarter. Signaturefd LLC boosted its holdings in Vertiv by 17.1% in the 3rd quarter. Signaturefd LLC now owns 6,567 shares of the company’s stock valued at $653,000 after purchasing an additional 957 shares during the period. Eastern Bank acquired a new stake in Vertiv in the 3rd quarter worth $202,000. Finally, Private Advisor Group LLC increased its holdings in shares of Vertiv by 65.3% during the 3rd quarter. Private Advisor Group LLC now owns 60,934 shares of the company’s stock worth $6,062,000 after purchasing an additional 24,068 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling

In related news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on VRT. TD Cowen increased their target price 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 reduced their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Down 8.5 %

Shares of NYSE:VRT opened at $95.92 on Friday. The company has a market capitalization of $36.00 billion, a PE ratio of 74.93, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company’s fifty day moving average is $120.90 and its 200-day moving average is $109.46. Vertiv Holdings Co has a 52 week low of $61.25 and a 52 week high of $155.84.

Vertiv (NYSE:VRT) last released 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 firm earned $0.56 EPS. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.