Los Angeles Capital Management LLC Buys 35,502 Shares of Vertiv Holdings Co (NYSE:VRT)

Los Angeles Capital Management LLC grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 250.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,670 shares of the company’s stock after buying an additional 35,502 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Vertiv were worth $5,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% during the 4th 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. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Vertiv in the fourth quarter worth approximately $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Up 7.1 %

VRT stock opened at $98.42 on Thursday. The company has a market capitalization of $36.94 billion, a price-to-earnings ratio of 76.89, a PEG ratio of 1.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. 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 earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 last year, the business earned $0.56 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $138.57.

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.