Colonial River Investments LLC Purchases 555 Shares of Vertiv Holdings Co (NYSE:VRT)

Colonial River Investments LLC boosted its position in Vertiv Holdings Co (NYSE:VRT) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,001 shares of the company’s stock after acquiring an additional 555 shares during the period. Colonial River Investments LLC’s holdings in Vertiv were worth $909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VRT. Jennison Associates LLC boosted its holdings in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its holdings 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 acquiring an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP boosted its holdings in Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in Vertiv in the third quarter worth approximately $110,517,000. Finally, Blue Whale Capital LLP bought a new position in shares of Vertiv in the third quarter valued at approximately $93,481,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Citigroup raised their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction 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 directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by company insiders.

Vertiv Stock Performance

NYSE:VRT opened at $95.92 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business has a fifty day simple moving average of $120.90 and a two-hundred day simple moving average of $110.04. Vertiv Holdings Co has a 1 year low of $61.25 and a 1 year high of $155.84. The company has a market capitalization of $36.00 billion, a P/E ratio of 74.93, a P/E/G 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company earned $0.56 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.