Gulf International Bank UK Ltd Decreases Stock Position in Vertiv Holdings Co (NYSE:VRT)

Gulf International Bank UK Ltd lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,700 shares of the company’s stock after selling 307 shares during the period. Gulf International Bank UK Ltd’s holdings in Vertiv were worth $3,146,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Vertiv by 1.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company’s stock worth $2,636,000 after purchasing an additional 400 shares during the last quarter. abrdn plc grew its stake in Vertiv by 110.2% in the third quarter. abrdn plc now owns 101,498 shares of the company’s stock worth $10,098,000 after purchasing an additional 53,217 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Vertiv by 19.9% in the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock worth $3,112,000 after acquiring an additional 5,187 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in Vertiv by 47.2% during the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock valued at $406,000 after purchasing an additional 1,310 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE VRT opened at $92.18 on Friday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market capitalization of $34.60 billion, a PE ratio of 72.02, a P/E/G ratio of 1.07 and a beta of 1.64. The stock has a 50-day simple moving average of $118.84 and a 200 day simple moving average of $110.12.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $0.56 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

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.