Vestmark Advisory Solutions Inc. Purchases New Shares in Vertiv Holdings Co (NYSE:VRT)

Vestmark Advisory Solutions Inc. purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,986 shares of the company’s stock, valued at approximately $453,000.

Several other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the period. State Street Corp boosted its stake in Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC boosted its stake in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after purchasing an additional 408,054 shares during the period. Wellington Management Group LLP boosted its stake in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after purchasing an additional 40,696 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Finally, Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Price Performance

Vertiv stock opened at $85.16 on Friday. 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 Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The stock has a market capitalization of $32.43 billion, a P/E ratio of 66.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock has a fifty day moving average of $115.09 and a 200-day moving average of $110.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the company posted $0.56 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal 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.