Canton Hathaway LLC Acquires New Stake in Vertiv Holdings Co (NYSE:VRT)

Canton Hathaway LLC acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,500 shares of the company’s stock, valued at approximately $170,000.

A number of other large investors have also made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after acquiring an additional 84 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares during the last quarter. Allworth Financial LP boosted its stake in Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the last quarter. Finally, Bouvel Investment Partners LLC boosted its stake in Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after buying an additional 117 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Barclays decreased their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $90.96 on Tuesday. The company has a market cap of $34.14 billion, a P/E ratio of 71.06, a PEG ratio of 1.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The business’s 50-day simple moving average is $120.20 and its 200 day simple moving average is $110.18.

Vertiv (NYSE:VRT) last announced its 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 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 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share 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.