ING Groep NV Invests $19.03 Million in Vertiv Holdings Co (NYSE:VRT)

ING Groep NV purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 167,500 shares of the company’s stock, valued at approximately $19,030,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Advyzon Investment Management LLC purchased a new stake in shares of Vertiv during the 4th quarter worth about $363,000. Handelsbanken Fonder AB raised its stake in shares of Vertiv by 15.3% during the 4th quarter. Handelsbanken Fonder AB now owns 384,674 shares of the company’s stock worth $43,703,000 after purchasing an additional 51,074 shares in the last quarter. WealthBridge Capital Management LLC purchased a new stake in shares of Vertiv during the 4th quarter worth about $360,000. Ieq Capital LLC raised its stake in shares of Vertiv by 378.5% during the 4th quarter. Ieq Capital LLC now owns 40,884 shares of the company’s stock worth $4,645,000 after purchasing an additional 32,339 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Vertiv during the 4th quarter valued at about $3,738,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

VRT opened at $104.56 on Friday. The firm has a market capitalization of $39.24 billion, a P/E ratio of 81.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The stock’s 50 day moving average price is $121.49 and its two-hundred day moving average price is $109.27. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRT. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

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.