Ieq Capital LLC Buys 32,339 Shares of Vertiv Holdings Co (NYSE:VRT)

Ieq Capital LLC grew its stake in Vertiv Holdings Co (NYSE:VRT) by 378.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,884 shares of the company’s stock after purchasing an additional 32,339 shares during the quarter. Ieq Capital LLC’s holdings in Vertiv were worth $4,645,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after acquiring an additional 84 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after acquiring an additional 100 shares in the last quarter. Bouvel Investment Partners LLC grew its holdings in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Vertiv by 16.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after purchasing an additional 121 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research analyst reports. Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. The Goldman Sachs Group lifted their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Trading Down 8.5 %

Shares of VRT stock opened at $95.92 on Friday. The firm has a 50 day moving average price of $120.90 and a two-hundred day moving average price of $109.46. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a 12-month low of $61.25 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 61.41%. During the same period in the prior year, the business earned $0.56 earnings per share. As a group, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

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.