Bank of New York Mellon Corp Buys 103,270 Shares of Vertiv Holdings Co (NYSE:VRT)

Bank of New York Mellon Corp lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,357,400 shares of the company’s stock after buying an additional 103,270 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of Vertiv worth $267,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Vertiv by 7,976.3% during the 3rd quarter. International Assets Investment Management LLC now owns 145,454 shares of the company’s stock worth $14,471,000 after acquiring an additional 143,653 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after purchasing an additional 36,684 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at $214,000. Allworth Financial LP lifted its stake in shares of Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Vertiv by 16.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,706 shares of the company’s stock worth $568,000 after buying an additional 787 shares during the period. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Trading Up 7.1 %

Shares of VRT opened at $98.42 on Thursday. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company’s fifty day moving average is $119.31 and its 200 day moving average is $110.24. The stock has a market capitalization of $36.94 billion, a PE ratio of 76.89, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the business posted $0.56 EPS. 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.