CloudAlpha Capital Management Limited Hong Kong Purchases New Holdings in Vertiv Holdings Co (NYSE:VRT)

CloudAlpha Capital Management Limited Hong Kong bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, Holdings Channel.com reports. The firm bought 25,210 shares of the company’s stock, valued at approximately $2,864,000. Vertiv makes up about 0.2% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in VRT. Fifth Third Bancorp lifted its holdings in Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after buying an additional 84 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. Bouvel Investment Partners LLC grew its stake in Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after purchasing an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Vertiv by 16.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after purchasing an additional 121 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VRT shares. Mizuho upped 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. Barclays cut their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Trading Down 6.9 %

Shares of VRT stock opened at $81.80 on Friday. The company has a market cap of $31.15 billion, a PE ratio of 63.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 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 business’s 50 day moving average is $115.69 and its two-hundred day moving average is $110.43.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 last year, the business earned $0.56 earnings per share. Equities 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.