WealthTrust Asset Management LLC acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,440 shares of the company’s stock, valued at approximately $972,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in VRT. Financial Management Professionals Inc. increased its holdings in Vertiv by 1,560.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Promus Capital LLC bought a new stake in shares of Vertiv in the second quarter valued at about $26,000. Pacer Advisors Inc. boosted its position in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after buying an additional 69 shares during the period. True Wealth Design LLC grew its holdings in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after buying an additional 68 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Vertiv in the 3rd quarter valued at approximately $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Stock Performance
NYSE VRT opened at $254.25 on Friday. The stock has a market cap of $97.27 billion, a PE ratio of 74.56, a P/E/G ratio of 1.31 and a beta of 2.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.55. The firm has a 50-day moving average of $195.04 and a 200-day moving average of $171.53. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $264.86.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Vertiv from $200.00 to $281.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $285.00 price target on shares of Vertiv in a research report on Friday, February 13th. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Citigroup increased their price objective on Vertiv from $220.00 to $286.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, The Goldman Sachs Group raised their target price on shares of Vertiv from $204.00 to $277.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $230.28.
Read Our Latest Stock Analysis on VRT
Vertiv Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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