Ring Mountain Capital LLC Purchases Shares of 5,604 Vertiv Holdings Co (NYSE:VRT)

Ring Mountain Capital LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,604 shares of the company’s stock, valued at approximately $637,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the fourth quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv during the third quarter valued at about $30,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv during the fourth quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Down 10.2 %

NYSE:VRT opened at $85.49 on Tuesday. The stock’s 50 day moving average price is $117.70 and its 200 day moving average price is $110.74. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The company has a market capitalization 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 company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 in the prior year, the firm earned $0.56 EPS. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays dropped their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group upped 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. Finally, 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. 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, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target 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.