TCW Group Inc. Sells 7,198 Shares of Vertiv Holdings Co (NYSE:VRT)

TCW Group Inc. reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 491,189 shares of the company’s stock after selling 7,198 shares during the quarter. TCW Group Inc.’s holdings in Vertiv were worth $55,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $30,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the 4th quarter valued at approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of Vertiv stock opened at $95.92 on Friday. The firm has a market cap of $36.00 billion, a P/E ratio of 74.93, a P/E/G ratio of 1.07 and a beta of 1.64. 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 12 month low of $61.25 and a 12 month high of $155.84. The stock’s fifty day moving average price is $120.90 and its 200-day moving average price is $109.74.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the company earned $0.56 EPS. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Mizuho increased their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated 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 owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s 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 sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

About Vertiv

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.