Aigen Investment Management LP Takes Position in Vertiv Holdings Co (NYSE:VRT)

Aigen Investment Management LP purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, Holdings Channel reports. The fund purchased 10,226 shares of the company’s stock, valued at approximately $1,162,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRT. New York State Teachers Retirement System increased 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 during the last quarter. Farther Finance Advisors LLC increased its position in shares of Vertiv by 23.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,825 shares of the company’s stock valued at $480,000 after purchasing an additional 916 shares during the last quarter. National Pension Service increased its position in shares of Vertiv by 29.6% during the 3rd quarter. National Pension Service now owns 583,781 shares of the company’s stock valued at $58,080,000 after purchasing an additional 133,481 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Vertiv by 147.9% in the 3rd quarter. QRG Capital Management Inc. now owns 24,787 shares of the company’s stock worth $2,466,000 after acquiring an additional 14,787 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $1,063,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

VRT has been the subject of several analyst reports. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.14.

Vertiv Stock Up 1.6 %

NYSE VRT opened at $87.78 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market capitalization of $33.43 billion, a P/E ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The stock has a 50 day moving average price of $116.43 and a 200-day moving average price of $110.63.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $0.56 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Company 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.