Ring Mountain Capital LLC Buys New Stake in Vertiv Holdings Co (NYSE:VRT)

Ring Mountain Capital LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,604 shares of the company’s stock, valued at approximately $637,000.

A number of other hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv during the 3rd quarter valued at approximately $30,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 10.2 %

Shares of VRT stock opened at $85.49 on Tuesday. The firm’s 50 day moving average price is $117.70 and its two-hundred day moving average price is $110.74. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week 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 stock has a market cap of $32.09 billion, a price-to-earnings ratio of 66.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released 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 earned $0.56 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on VRT shares. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Barclays cut their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $137.14.

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.