Banco Santander S.A. Trims Stake in Vertiv Holdings Co (NYSE:VRT)

Banco Santander S.A. decreased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 50.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,324 shares of the company’s stock after selling 16,626 shares during the period. Banco Santander S.A.’s holdings in Vertiv were worth $1,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VRT. Principal Financial Group Inc. grew its holdings in shares of Vertiv by 430.5% during the 3rd quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock worth $16,471,000 after acquiring an additional 134,349 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Vertiv by 400.7% during the 3rd quarter. Lindbrook Capital LLC now owns 4,076 shares of the company’s stock worth $406,000 after acquiring an additional 3,262 shares during the period. Atria Investments Inc grew its stake in shares of Vertiv by 45.6% in the 3rd quarter. Atria Investments Inc now owns 16,690 shares of the company’s stock worth $1,660,000 after buying an additional 5,225 shares during the last quarter. Covestor Ltd grew its stake in shares of Vertiv by 10.5% in the 3rd quarter. Covestor Ltd now owns 1,554 shares of the company’s stock worth $155,000 after buying an additional 148 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Vertiv by 237.6% in the 3rd quarter. Sigma Planning Corp now owns 18,681 shares of the company’s stock worth $1,859,000 after buying an additional 13,147 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on VRT. Melius downgraded 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 Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Barclays cut their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Price Performance

NYSE VRT opened at $85.16 on Monday. The business’s fifty day moving average price is $115.09 and its 200-day moving average price is $110.94. 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 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.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current 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.