Global Retirement Partners LLC Acquires 2,193 Shares of Vertiv Holdings Co (NYSE:VRT)

Global Retirement Partners LLC raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,820 shares of the company’s stock after purchasing an additional 2,193 shares during the quarter. Global Retirement Partners LLC’s holdings in Vertiv were worth $2,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP boosted its holdings in Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in Vertiv during the 3rd quarter worth $110,517,000. Finally, Blue Whale Capital LLP purchased a new position in Vertiv during the 3rd quarter worth $93,481,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 3.0 %

Shares of VRT opened at $104.56 on Friday. The business’s 50-day moving average price is $121.49 and its 200-day moving average price is $109.27. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The stock has a market cap of $39.24 billion, a PE ratio of 81.69, a P/E/G ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 69.69% and a net margin of 6.19%. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Oppenheimer boosted their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Insider Activity

In related news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.

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.