Cookson Peirce & Co. Inc. Has $1.52 Million Position in Vertiv Holdings Co (NYSE:VRT)

Cookson Peirce & Co. Inc. boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 55.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,339 shares of the company’s stock after acquiring an additional 4,774 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Vertiv were worth $1,515,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $34,000. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Finally, Melius lowered 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.14.

Vertiv Trading Up 1.1 %

NYSE:VRT opened at $86.36 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a market cap of $32.41 billion, a P/E ratio of 67.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The business has a 50 day moving average price of $117.05 and a two-hundred day moving average price of $110.79.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 earned $0.56 earnings per share. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.