Reaves W H & Co. Inc. Has $35.76 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Reaves W H & Co. Inc. cut its stake in Vertiv Holdings Co (NYSE:VRT) by 20.3% during the fourth quarter, HoldingsChannel reports. The fund owned 314,795 shares of the company’s stock after selling 80,108 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Vertiv were worth $35,764,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VRT. New York State Teachers Retirement System increased its stake in shares of Vertiv by 19.9% in the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock worth $3,112,000 after acquiring an additional 5,187 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Vertiv by 47.2% in the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock worth $406,000 after acquiring an additional 1,310 shares during the last quarter. Financial Advocates Investment Management acquired a new position in shares of Vertiv in the third quarter worth $210,000. Focus Financial Network Inc. acquired a new position in shares of Vertiv in the third quarter worth $314,000. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Vertiv in the third quarter worth $652,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 10.2 %

VRT stock opened at $85.49 on Tuesday. 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 52-week low of $62.40 and a 52-week high of $155.84. The company has a 50-day moving average of $117.70 and a two-hundred day moving average of $110.74. The stock has a market capitalization of $32.09 billion, a price-to-earnings ratio of 66.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 business earned $0.56 earnings per share. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRT shares. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, TD Cowen increased their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.14.

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.