Oak Grove Capital LLC Reduces Stock Position in Vertiv Holdings Co (NYSE:VRT)

Oak Grove Capital LLC cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,180 shares of the company’s stock after selling 19,255 shares during the period. Vertiv comprises about 1.2% of Oak Grove Capital LLC’s holdings, making the stock its 17th largest position. Oak Grove Capital LLC’s holdings in Vertiv were worth $7,860,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares in the last quarter. Accurate Wealth Management LLC raised its holdings 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 purchasing an additional 87 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. Bouvel Investment Partners LLC grew its position in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after buying an additional 117 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Vertiv by 16.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after acquiring an additional 121 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 1.1 %

Shares of Vertiv stock opened at $86.36 on Wednesday. The firm has a market cap of $32.41 billion, a price-to-earnings ratio of 67.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The company’s 50-day simple moving average is $117.05 and its 200-day simple moving average is $110.79. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on VRT shares. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays cut their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.14.

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.