Wakefield Asset Management LLLP Sells 282 Shares of Vertiv Holdings Co (NYSE:VRT)

Wakefield Asset Management LLLP reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,015 shares of the company’s stock after selling 282 shares during the period. Vertiv comprises approximately 1.3% of Wakefield Asset Management LLLP’s investment portfolio, making the stock its 17th largest position. Wakefield Asset Management LLLP’s holdings in Vertiv were worth $3,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Vertiv in the fourth quarter valued at $34,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

Shares of Vertiv stock opened at $92.18 on Friday. The business has a 50-day simple moving average of $118.84 and a 200 day simple moving average of $110.12. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $34.60 billion, a price-to-earnings ratio of 72.02, a PEG ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released its quarterly earnings data 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 business earned $0.56 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, TD Cowen increased their price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.57.

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.