Richard W. Paul & Associates LLC Has $559,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Richard W. Paul & Associates LLC cut its position in Vertiv Holdings Co (NYSE:VRT) by 2.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,917 shares of the company’s stock after selling 115 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Vertiv were worth $559,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VRT. Jennison Associates LLC boosted its holdings in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its stake in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP grew its holdings in shares of Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after purchasing an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Vertiv in the third quarter valued at $110,517,000. Finally, Blue Whale Capital LLP bought a new position in shares of Vertiv in the third quarter valued at about $93,481,000. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Mizuho lifted 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, Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Price Performance

Vertiv stock opened at $95.09 on Friday. The firm has a market capitalization of $35.69 billion, a P/E ratio of 74.29, a PEG ratio of 1.07 and a beta of 1.64. The business has a 50-day moving average of $118.34 and a 200-day moving average of $110.27. 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.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (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 quarter in the previous year, the company earned $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

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.