IFP Advisors Inc Buys 5,888 Shares of Vertiv Holdings Co (NYSE:VRT)

IFP Advisors Inc grew its stake in Vertiv Holdings Co (NYSE:VRT) by 462.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,161 shares of the company’s stock after acquiring an additional 5,888 shares during the period. IFP Advisors Inc’s holdings in Vertiv were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its position in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP increased its stake in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC bought a new stake in shares of Vertiv during the third quarter worth $110,517,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Vertiv during the third quarter valued at $93,481,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

VRT stock opened at $92.18 on Friday. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year 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 firm has a market cap of $34.60 billion, a PE ratio of 72.02, a P/E/G ratio of 1.07 and a beta of 1.64. The business’s 50-day moving average price is $118.84 and its two-hundred day moving average price is $110.12.

Vertiv (NYSE:VRT) last released its quarterly earnings data 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 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the firm posted $0.56 EPS. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv 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.