Otter Creek Advisors LLC Has $4.93 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Otter Creek Advisors LLC trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 44.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,352 shares of the company’s stock after selling 34,571 shares during the period. Vertiv makes up 3.4% of Otter Creek Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Otter Creek Advisors LLC’s holdings in Vertiv were worth $4,925,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in shares of Vertiv during the third quarter worth approximately $30,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv in the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on VRT shares. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Finally, UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Stock Up 7.1 %

Vertiv stock opened at $98.42 on Thursday. 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 market capitalization of $36.94 billion, a P/E ratio of 76.89, a P/E/G ratio of 1.07 and a beta of 1.64. The firm has a 50 day moving average price of $119.31 and a 200-day moving average price of $110.24. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 period in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS 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.