Vertiv Holdings Co (NYSE:VRT) Shares Sold by Taika Capital LP

Taika Capital LP decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,827 shares of the company’s stock after selling 6,455 shares during the quarter. Vertiv comprises approximately 3.6% of Taika Capital LP’s holdings, making the stock its 7th biggest holding. Taika Capital LP’s holdings in Vertiv were worth $4,752,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Vertiv by 430.5% in the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock worth $16,471,000 after buying an additional 134,349 shares during the period. Lindbrook Capital LLC boosted its holdings in Vertiv by 400.7% in the 3rd quarter. Lindbrook Capital LLC now owns 4,076 shares of the company’s stock worth $406,000 after acquiring an additional 3,262 shares during the period. Atria Investments Inc boosted its holdings in Vertiv by 45.6% in the 3rd quarter. Atria Investments Inc now owns 16,690 shares of the company’s stock worth $1,660,000 after acquiring an additional 5,225 shares during the period. Covestor Ltd grew its position in Vertiv by 10.5% in the third quarter. Covestor Ltd now owns 1,554 shares of the company’s stock valued at $155,000 after acquiring an additional 148 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of Vertiv by 237.6% during the third quarter. Sigma Planning Corp now owns 18,681 shares of the company’s stock valued at $1,859,000 after purchasing an additional 13,147 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VRT shares. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday. They set an “outperform” rating and a $121.00 price target for the company. Barclays dropped their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. raised their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped 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. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Up 3.8 %

VRT stock opened at $85.16 on Monday. The firm has a fifty day moving average price of $115.09 and a two-hundred day moving average price of $110.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

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.