Vertiv Holdings Co (NYSE:VRT) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 62.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 40,225 shares of the company’s stock after buying an additional 15,438 shares during the quarter. QRG Capital Management Inc.’s holdings in Vertiv were worth $4,570,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in 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. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv during the fourth quarter worth about $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Performance

Shares of NYSE VRT opened at $95.09 on Friday. The company has a 50-day simple moving average of $118.34 and a 200-day simple moving average of $110.27. 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 cap of $35.69 billion, a PE ratio of 74.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last released 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 period in the previous year, the company posted $0.56 earnings per share. On average, equities analysts anticipate 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.