First American Bank Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

First American Bank raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,382 shares of the company’s stock after acquiring an additional 1,691 shares during the quarter. First American Bank’s holdings in Vertiv were worth $7,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRT. Silverleafe Capital Partners LLC purchased a new position in Vertiv in the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC grew its stake in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the period. Janney Capital Management LLC bought a new stake in shares of Vertiv during the third quarter valued at approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 6.5 %

VRT stock opened at $92.18 on Friday. The stock has a market capitalization of $34.60 billion, a P/E ratio of 72.02, a P/E/G ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The firm has a 50-day simple moving average of $118.84 and a 200-day simple moving average of $110.12. 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 (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.56 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on VRT. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $138.57.

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.