Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 70.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 77,983 shares of the company’s stock after buying an additional 32,304 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vertiv were worth $8,860,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Vertiv by 1.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company’s stock valued at $2,636,000 after acquiring an additional 400 shares during the last quarter. abrdn plc lifted its holdings in Vertiv by 110.2% in the 3rd quarter. abrdn plc now owns 101,498 shares of the company’s stock valued at $10,098,000 after acquiring an additional 53,217 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Vertiv by 19.9% during the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock valued at $3,112,000 after purchasing an additional 5,187 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in shares of Vertiv by 47.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock worth $406,000 after purchasing an additional 1,310 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT opened at $92.18 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $34.60 billion, a price-to-earnings 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 is $118.84 and its 200-day moving average is $110.12. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

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 analysts’ consensus estimates 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 period in the prior year, the business posted $0.56 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays reduced their target price on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Finally, Citigroup lifted 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. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.