Plato Investment Management Ltd Cuts Stake in Vertiv Holdings Co (NYSE:VRT)

Plato Investment Management Ltd reduced its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 15.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,513 shares of the company’s stock after selling 3,473 shares during the period. Plato Investment Management Ltd’s holdings in Vertiv were worth $2,225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC grew its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on VRT shares. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays lowered their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Stock Down 10.2 %

Shares of NYSE:VRT opened at $85.49 on Tuesday. The stock has a market cap of $32.09 billion, a P/E ratio of 66.79, a P/E/G ratio of 1.07 and a beta of 1.64. The firm has a fifty day moving average price of $117.70 and a 200 day moving average price of $110.74. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 in the previous year, the company posted $0.56 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS 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.