Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,550 shares of the company’s stock after purchasing an additional 6,903 shares during the quarter. Flputnam Investment Management Co.’s holdings in Vertiv were worth $9,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC grew its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on VRT. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. TD Cowen boosted their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays cut their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Up 2.9 %

Shares of NYSE:VRT opened at $95.09 on Friday. The company’s fifty day moving average is $118.34 and its two-hundred day moving average is $110.27. 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 Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released 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 quarter last year, the business earned $0.56 EPS. 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.