FUKOKU MUTUAL LIFE INSURANCE Co Has $320,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 61.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,819 shares of the company’s stock after selling 4,500 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Vertiv were worth $320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its holdings in shares of 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 in the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Vertiv in the 4th quarter valued at $34,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT opened at $98.42 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The stock has a market cap of $36.94 billion, a PE ratio of 76.89, a PEG ratio of 1.07 and a beta of 1.64. The business has a 50-day simple moving average of $119.31 and a two-hundred day simple moving average of $110.24.

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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the company earned $0.56 EPS. Analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on VRT. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays dropped their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, 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. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.