West Michigan Advisors LLC Takes $275,000 Position in Vertiv Holdings Co (NYSE:VRT)

West Michigan Advisors LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,423 shares of the company’s stock, valued at approximately $275,000.

A number of other large investors have also recently made changes to their positions in VRT. Nisa Investment Advisors LLC lifted its stake in Vertiv by 1.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company’s stock worth $2,636,000 after purchasing an additional 400 shares during the last quarter. abrdn plc lifted its stake in shares of Vertiv by 110.2% during the 3rd quarter. abrdn plc now owns 101,498 shares of the company’s stock worth $10,098,000 after acquiring an additional 53,217 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in 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 acquiring an additional 5,187 shares during the period. First Trust Direct Indexing L.P. grew its position in Vertiv by 47.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock valued at $406,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Financial Advocates Investment Management purchased a new stake in Vertiv in the third quarter worth $210,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRT. The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Mizuho boosted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays lowered their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Trading Up 2.9 %

Shares of NYSE VRT opened at $95.09 on Friday. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The business has a fifty day moving average price of $118.34 and a 200 day moving average price of $110.51. The stock has a market capitalization of $35.69 billion, a P/E ratio of 74.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. 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 (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.