Vertiv Holdings Co (NYSE:VRT) Shares Sold by Cavalier Investments LLC

Cavalier Investments LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 92.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,422 shares of the company’s stock after selling 28,994 shares during the quarter. Cavalier Investments LLC’s holdings in Vertiv were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv in the third quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on VRT. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Citigroup upped 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. Barclays dropped their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Trading Up 0.9 %

Shares of VRT opened at $91.85 on Wednesday. The company has a market capitalization of $34.47 billion, a P/E ratio of 71.76, a P/E/G ratio of 1.07 and a beta of 1.64. 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 stock has a 50-day moving average price of $119.62 and a 200 day moving average price of $110.33.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period in the prior year, the company earned $0.56 earnings per share. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS 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.