2,423 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by West Michigan Advisors LLC

West Michigan Advisors LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,423 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth approximately $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 2.9 %

VRT stock opened at $95.09 on Friday. The firm has a fifty day moving average price of $118.34 and a 200 day moving average price of $110.51. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market cap of $35.69 billion, a PE ratio of 74.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. 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 (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $0.56 earnings per share. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VRT has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Barclays dropped their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, TD Cowen lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

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.