Private Advisor Group LLC Reduces Holdings in Vertiv Holdings Co (NYSE:VRT)

Private Advisor Group LLC trimmed its stake in Vertiv Holdings Co (NYSE:VRT) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,572 shares of the company’s stock after selling 9,362 shares during the period. Private Advisor Group LLC’s holdings in Vertiv were worth $5,859,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VRT. Jennison Associates LLC lifted its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the period. Wellington Management Group LLP lifted its position in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP lifted its position in Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after acquiring an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC purchased a new position in Vertiv during the 3rd quarter valued at about $110,517,000. Finally, Blue Whale Capital LLP bought a new stake in Vertiv during the 3rd quarter valued at about $93,481,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT opened at $95.92 on Friday. The firm has a 50 day moving average of $120.90 and a 200 day moving average of $109.74. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.07 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 announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Activity at Vertiv

In other Vertiv 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 transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRT. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

About Vertiv

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.