43,793 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, Holdings Channel.com reports. The firm purchased 43,793 shares of the company’s stock, valued at approximately $4,975,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chase Investment Counsel Corp boosted its stake in Vertiv by 2.9% during the 4th quarter. Chase Investment Counsel Corp now owns 64,082 shares of the company’s stock valued at $7,280,000 after purchasing an additional 1,793 shares during the last quarter. Metis Global Partners LLC boosted its stake in Vertiv by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 4,931 shares of the company’s stock valued at $560,000 after purchasing an additional 329 shares during the last quarter. West Michigan Advisors LLC purchased a new stake in Vertiv during the 4th quarter valued at $275,000. US Bancorp DE lifted its holdings in shares of Vertiv by 21.3% during the 4th quarter. US Bancorp DE now owns 533,967 shares of the company’s stock valued at $60,664,000 after buying an additional 93,806 shares during the period. Finally, Flputnam Investment Management Co. lifted its holdings in shares of Vertiv by 8.8% during the 4th quarter. Flputnam Investment Management Co. now owns 85,550 shares of the company’s stock valued at $9,719,000 after buying an additional 6,903 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen raised their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Barclays decreased their target price on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Trading Up 2.9 %

Shares of Vertiv stock opened at $95.09 on Friday. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 74.29, a PEG ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. 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 has a 50-day moving average price of $118.34 and a 200-day moving average price of $110.27.

Vertiv (NYSE:VRT) last released its quarterly 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 period last year, the company earned $0.56 earnings per share. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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.