Jones Financial Companies Lllp Has $8.11 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Jones Financial Companies Lllp lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 511.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,421 shares of the company’s stock after buying an additional 59,735 shares during the period. Jones Financial Companies Lllp’s holdings in Vertiv were worth $8,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VRT. Smartleaf Asset Management LLC raised its stake in Vertiv by 91.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,240 shares of the company’s stock worth $144,000 after acquiring an additional 592 shares in the last quarter. Nixon Peabody Trust Co. bought a new stake in shares of Vertiv in the 4th quarter worth about $4,975,000. Chase Investment Counsel Corp increased its position in shares of Vertiv by 2.9% during the 4th quarter. Chase Investment Counsel Corp now owns 64,082 shares of the company’s stock worth $7,280,000 after purchasing an additional 1,793 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Vertiv by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 4,931 shares of the company’s stock valued at $560,000 after purchasing an additional 329 shares during the last quarter. Finally, West Michigan Advisors LLC acquired a new position in Vertiv in the fourth quarter valued at about $275,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday. The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Trading Down 10.2 %

Shares of NYSE VRT opened at $85.49 on Tuesday. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market capitalization of $32.09 billion, a P/E ratio of 66.79, a P/E/G ratio of 1.07 and a beta of 1.64. 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’s 50 day simple moving average is $117.70 and its 200 day simple moving average is $110.74.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 posted $0.56 EPS. On average, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Profile

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.