LGT Group Foundation Purchases 2,479 Shares of Vertiv Holdings Co (NYSE:VRT)

LGT Group Foundation grew its position in Vertiv Holdings Co (NYSE:VRT) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,262 shares of the company’s stock after buying an additional 2,479 shares during the period. LGT Group Foundation’s holdings in Vertiv were worth $5,029,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Bellecapital International Ltd. bought a new stake in shares of Vertiv in the 4th quarter valued at about $249,000. SBI Securities Co. Ltd. bought a new stake in shares of Vertiv in the 4th quarter valued at about $1,429,000. Jones Financial Companies Lllp boosted its holdings in shares of Vertiv by 511.2% in the 4th quarter. Jones Financial Companies Lllp now owns 71,421 shares of the company’s stock valued at $8,114,000 after buying an additional 59,735 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Vertiv by 91.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,240 shares of the company’s stock valued at $144,000 after buying an additional 592 shares in the last quarter. Finally, Nixon Peabody Trust Co. bought a new stake in shares of Vertiv in the 4th quarter valued at about $4,975,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT opened at $85.49 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 66.79, a PEG ratio of 1.07 and a beta of 1.64. The company has a 50 day simple moving average of $117.70 and a two-hundred day simple moving average of $110.74. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VRT shares. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.14.

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.