Versor Investments LP Acquires Shares of 8,800 Vertiv Holdings Co (NYSE:VRT)

Versor Investments LP acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,800 shares of the company’s stock, valued at approximately $1,000,000.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after buying an additional 84 shares in the last quarter. Accurate Wealth Management LLC lifted its position in Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares in the last quarter. Allworth Financial LP lifted its position in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares in the last quarter. Finally, Bouvel Investment Partners LLC lifted its position in Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after buying an additional 117 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on VRT. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Trading Down 6.5 %

Shares of NYSE VRT opened at $92.18 on Friday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $118.84 and a 200-day simple moving average of $110.12. The stock has a market capitalization of $34.60 billion, a PE ratio of 72.02, a PEG ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 previous year, the business posted $0.56 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share 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.