Advyzon Investment Management LLC Purchases Shares of 3,196 Vertiv Holdings Co (NYSE:VRT)

Advyzon Investment Management LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,196 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Handelsbanken Fonder AB raised its holdings in shares of Vertiv by 15.3% in the 4th quarter. Handelsbanken Fonder AB now owns 384,674 shares of the company’s stock valued at $43,703,000 after acquiring an additional 51,074 shares in the last quarter. WealthBridge Capital Management LLC bought a new position in shares of Vertiv during the 4th quarter valued at about $360,000. Ieq Capital LLC increased its position in shares of Vertiv by 378.5% during the 4th quarter. Ieq Capital LLC now owns 40,884 shares of the company’s stock valued at $4,645,000 after purchasing an additional 32,339 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of Vertiv during the 4th quarter valued at about $3,738,000. Finally, Lyell Wealth Management LP increased its position in shares of Vertiv by 133.5% during the 4th quarter. Lyell Wealth Management LP now owns 35,649 shares of the company’s stock valued at $4,050,000 after purchasing an additional 20,379 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VRT. Barclays reduced their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Mizuho increased their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI reduced 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, Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four equities research 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, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Price Performance

Shares of VRT stock opened at $107.64 on Thursday. The firm has a market cap of $40.40 billion, a P/E ratio of 84.10, a P/E/G ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The business’s 50 day moving average price is $121.91 and its 200-day moving average price is $109.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 69.69% and a net margin of 6.19%. During the same period last year, the company posted $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.58 earnings per share for the current year.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,180 shares of company stock worth $20,997,311. 5.01% of the stock is currently owned by insiders.

Vertiv Company 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.