Lake Street Advisors Group LLC Has $653,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

Lake Street Advisors Group LLC increased its position in Vertiv Holdings Co (NYSE:VRT) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 5,751 shares of the company’s stock after acquiring an additional 155 shares during the period. Lake Street Advisors Group LLC’s holdings in Vertiv were worth $653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Allworth Financial LP grew its holdings in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Vertiv by 1.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company’s stock valued at $2,636,000 after acquiring an additional 400 shares in the last quarter. abrdn plc increased its holdings in shares of Vertiv by 110.2% in the 3rd quarter. abrdn plc now owns 101,498 shares of the company’s stock valued at $10,098,000 after purchasing an additional 53,217 shares during the period. New York State Teachers Retirement System lifted its position in shares of Vertiv by 19.9% in the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock worth $3,112,000 after purchasing an additional 5,187 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Vertiv by 47.2% during the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock worth $406,000 after purchasing an additional 1,310 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Down 6.5 %

Shares of VRT stock opened at $92.18 on Friday. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The company has a market cap of $34.60 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $118.84 and its two-hundred day moving average is $110.12.

Vertiv (NYSE:VRT) last posted its earnings results 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 period last year, the firm posted $0.56 EPS. Equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on VRT shares. Barclays dropped their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv 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.