Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 133.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,649 shares of the company’s stock after purchasing an additional 20,379 shares during the quarter. Lyell Wealth Management LP’s holdings in Vertiv were worth $4,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv in the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC lifted its stake in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $8,403,000. Gordian Capital Singapore Pte Ltd lifted its position in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,180 shares of company stock worth $20,997,311 in the last quarter. 5.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Bank of America raised their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Trading Up 2.0 %

VRT opened at $110.16 on Wednesday. The company’s 50 day moving average is $122.27 and its 200-day moving average is $109.31. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market cap of $41.35 billion, a P/E ratio of 86.06, a PEG ratio of 1.10 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 69.69%. During the same period last year, the firm posted $0.56 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.58 earnings per share 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.