Vertiv Holdings Co (NYSE:VRT) Stake Reduced by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,973 shares of the company’s stock after selling 419 shares during the quarter. Vertiv comprises about 0.7% of Kovack Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Kovack Advisors Inc.’s holdings in Vertiv were worth $6,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRT. Jennison Associates LLC increased its stake in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP increased its stake in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP grew its stake in Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Vertiv during the 3rd quarter valued at about $110,517,000. Finally, Blue Whale Capital LLP purchased a new position in Vertiv during the 3rd quarter valued at about $93,481,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT opened at $98.42 on Thursday. The business has a fifty day simple moving average of $119.31 and a 200 day simple moving average of $110.24. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm 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. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84.

Vertiv (NYSE:VRT) last issued its 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 last year, the business earned $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target 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.