Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,746,111 shares of the company’s stock after acquiring an additional 45,917 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.47% of Vertiv worth $198,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VRT. New York State Teachers Retirement System raised its holdings in shares of Vertiv by 19.9% in the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock worth $3,112,000 after purchasing an additional 5,187 shares in the last quarter. Farther Finance Advisors LLC grew its position in Vertiv by 23.4% in the third quarter. Farther Finance Advisors LLC now owns 4,825 shares of the company’s stock worth $480,000 after buying an additional 916 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Vertiv by 147.9% in the third quarter. QRG Capital Management Inc. now owns 24,787 shares of the company’s stock valued at $2,466,000 after buying an additional 14,787 shares in the last quarter. M&G PLC acquired a new stake in shares of Vertiv during the 3rd quarter valued at $15,093,000. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Vertiv by 4.8% during the 3rd quarter. Hanseatic Management Services Inc. now owns 20,331 shares of the company’s stock worth $2,023,000 after acquiring an additional 930 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRT. The Goldman Sachs Group boosted their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a 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. TD Cowen upped their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $137.14.

Vertiv Price Performance

VRT opened at $81.80 on Friday. The stock has a fifty day moving average price of $115.69 and a 200 day moving average price of $110.43. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 63.91, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 last year, the business posted $0.56 earnings per share. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.