Wrapmanager Inc. Purchases 152 Shares of Vertiv Holdings Co (NYSE:VRT)

Wrapmanager Inc. lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,480 shares of the company’s stock after acquiring an additional 152 shares during the period. Wrapmanager Inc.’s holdings in Vertiv were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRT. Jennison Associates LLC lifted its holdings in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the period. Wellington Management Group LLP lifted 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 valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP lifted its stake in Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after purchasing an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Vertiv in the 3rd quarter valued at approximately $110,517,000. Finally, Blue Whale Capital LLP bought a new position in Vertiv in the 3rd quarter valued at approximately $93,481,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 0.9 %

VRT opened at $91.85 on Wednesday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average of $119.62 and a 200-day moving average of $110.33. The stock has a market cap of $34.47 billion, a PE ratio of 71.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

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 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 previous year, the firm earned $0.56 earnings per share. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VRT shares. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.