Mount Lucas Management LP Decreases Position in Vertiv Holdings Co (NYSE:VRT)

Mount Lucas Management LP lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,769 shares of the company’s stock after selling 1,642 shares during the quarter. Mount Lucas Management LP’s holdings in Vertiv were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of VRT. Sound View Wealth Advisors Group LLC purchased a new stake in Vertiv during the 4th quarter worth about $1,218,000. AlphaQuest LLC grew its position in shares of Vertiv by 98.2% during the fourth quarter. AlphaQuest LLC now owns 2,793 shares of the company’s stock worth $317,000 after buying an additional 1,384 shares in the last quarter. Argentarii LLC purchased a new stake in shares of Vertiv during the fourth quarter worth approximately $298,000. OFI Invest Asset Management acquired a new stake in Vertiv in the fourth quarter valued at approximately $226,000. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Vertiv by 23.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,872 shares of the company’s stock worth $326,000 after acquiring an additional 537 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE:VRT opened at $85.16 on Monday. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.07 and a beta of 1.71. The company has a 50-day simple moving average of $115.09 and a 200-day simple moving average of $110.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the business posted $0.56 earnings per share. On average, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analysts Set New Price Targets

VRT has been the topic of a number of recent analyst reports. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. TD Cowen raised their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada began coverage on Vertiv in a research note on Friday. They set an “outperform” rating and a $121.00 target price for the company. Finally, The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

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.