Hardman Johnston Global Advisors LLC Reduces Stake in Vertiv Holdings Co (NYSE:VRT)

Hardman Johnston Global Advisors LLC trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 762,326 shares of the company’s stock after selling 46,513 shares during the period. Vertiv accounts for 3.6% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 8th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Vertiv were worth $86,608,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VRT. Fifth Third Bancorp boosted its position in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Accurate Wealth Management LLC raised its stake in Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after buying an additional 87 shares during the last quarter. Allworth Financial LP boosted its holdings in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Finally, Bouvel Investment Partners LLC increased its holdings in shares of Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

Vertiv Stock Down 8.5 %

Vertiv stock opened at $95.92 on Monday. Vertiv Holdings Co has a one year low of $61.25 and a one year high of $155.84. The stock has a fifty day moving average of $120.90 and a 200 day moving average of $110.04. 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 stock has a market cap of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 period in the previous year, the firm posted $0.56 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. TD Cowen increased their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company 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 stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target 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.