Vertiv Holdings Co (NYSE:VRT) Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 314,795 shares of the company’s stock after selling 80,108 shares during the period. Reaves W H & Co. Inc. owned approximately 0.08% of Vertiv worth $35,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC boosted its position in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after buying an additional 3,153,932 shares during the period. State Street Corp boosted its position in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after buying an additional 308,704 shares during the period. Geode Capital Management LLC boosted its position in shares of Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares during the period. Wellington Management Group LLP lifted its position in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after purchasing an additional 40,696 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE:VRT opened at $85.49 on Tuesday. The company’s fifty day moving average is $117.70 and its two-hundred day moving average is $110.74. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The company has a market cap of $32.09 billion, a P/E ratio of 66.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 in the prior year, the company posted $0.56 EPS. Equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.