National Pension Service Decreases Position in Vertiv Holdings Co (NYSE:VRT)

National Pension Service cut its position in Vertiv Holdings Co (NYSE:VRT) by 7.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 543,081 shares of the company’s stock after selling 40,700 shares during the quarter. National Pension Service’s holdings in Vertiv were worth $61,699,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter worth about $26,000. Mark Sheptoff Financial Planning LLC raised its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in Vertiv in the third quarter worth about $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in 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 buying an additional 111 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Down 6.5 %

VRT opened at $92.18 on Friday. 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 1-year low of $62.40 and a 1-year high of $155.84. The company has a market capitalization of $34.60 billion, a PE ratio of 72.02, a PEG ratio of 1.07 and a beta of 1.64. The firm’s 50 day simple moving average is $118.84 and its two-hundred day simple moving average is $110.12.

Vertiv (NYSE:VRT) last released its quarterly earnings results 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 prior year, the firm earned $0.56 EPS. As a group, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Mizuho increased their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Company 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.