Nwam LLC Has $4.89 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Nwam LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 43,060 shares of the company’s stock after purchasing an additional 1,744 shares during the period. Nwam LLC’s holdings in Vertiv were worth $4,892,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% during the 3rd 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 period. Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth about $30,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Vertiv by 61.3% during the 4th 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 period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of Vertiv stock opened at $98.42 on Thursday. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The firm has a market capitalization of $36.94 billion, a price-to-earnings ratio of 76.89, a PEG ratio of 1.07 and a beta of 1.64. The business has a 50-day simple moving average of $119.31 and a 200 day simple moving average of $110.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Oppenheimer lifted their price objective on Vertiv from $121.00 to $131.00 and gave the stock 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.57.

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.