Clare Market Investments LLC Acquires Shares of 13,760 Vertiv Holdings Co (NYSE:VRT)

Clare Market Investments LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,760 shares of the company’s stock, valued at approximately $1,563,000.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares during the period. Accurate Wealth Management LLC grew its stake in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares during the period. Tradewinds Capital Management LLC grew its stake in 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 during the period. Bouvel Investment Partners LLC grew its stake in Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after purchasing an additional 117 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock valued at $95,000 after purchasing an additional 121 shares during the period. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRT. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. TD Cowen upped their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Performance

NYSE:VRT opened at $85.16 on Monday. The business’s 50-day moving average price is $115.09 and its two-hundred day moving average price is $110.94. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market cap of $32.43 billion, a P/E ratio of 66.53, a PEG ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the company posted $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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.