EdgeRock Capital LLC Raises Stock Position in Vertiv Holdings Co (NYSE:VRT)

EdgeRock Capital LLC raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,232 shares of the company’s stock after purchasing an additional 694 shares during the period. Vertiv accounts for 0.6% of EdgeRock Capital LLC’s holdings, making the stock its 24th biggest position. EdgeRock Capital LLC’s holdings in Vertiv were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its stake in 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 purchasing an additional 84 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares in the last quarter. Allworth Financial LP raised its position in shares of Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares in the last quarter. Finally, Bouvel Investment Partners LLC boosted its position in Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on VRT shares. Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, TD Cowen upped their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report 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’s stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Performance

Shares of VRT stock opened at $90.96 on Tuesday. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. 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 firm’s 50 day moving average price is $120.20 and its 200-day moving average price is $110.18. The firm has a market cap of $34.14 billion, a P/E ratio of 71.06, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 previous year, the business earned $0.56 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current 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.