Vertiv Holdings Co (NYSE:VRT) Shares Bought by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 15.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,936 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Westover Capital Advisors LLC’s holdings in Vertiv were worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VRT. New York State Teachers Retirement System lifted its holdings in shares of Vertiv by 19.9% in the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock valued at $3,112,000 after purchasing an additional 5,187 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Vertiv by 47.2% in the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock valued at $406,000 after purchasing an additional 1,310 shares in the last quarter. Financial Advocates Investment Management purchased a new stake in shares of Vertiv in the third quarter valued at $210,000. Focus Financial Network Inc. purchased a new stake in shares of Vertiv in the third quarter valued at $314,000. Finally, Gladstone Institutional Advisory LLC purchased a new stake in shares of Vertiv in the third quarter valued at $652,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VRT. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.14.

Vertiv Trading Down 10.2 %

Vertiv stock opened at $85.49 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 66.79, 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. The company’s fifty day moving average price is $117.70 and its two-hundred day moving average price is $110.74.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 prior year, the business earned $0.56 EPS. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.