8,817 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by LDR Capital Management LLC

LDR Capital Management LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,817 shares of the company’s stock, valued at approximately $1,002,000.

Several other hedge funds have also added to or reduced their stakes in VRT. Sigma Planning Corp lifted its position in shares of Vertiv by 36.4% in the 4th quarter. Sigma Planning Corp now owns 25,480 shares of the company’s stock worth $2,895,000 after purchasing an additional 6,799 shares during the period. Carl P. Sherr & Co. LLC lifted its position in shares of Vertiv by 1.3% in the 4th quarter. Carl P. Sherr & Co. LLC now owns 10,843 shares of the company’s stock worth $1,232,000 after purchasing an additional 141 shares during the period. Navellier & Associates Inc. lifted its position in shares of Vertiv by 4.0% in the 4th quarter. Navellier & Associates Inc. now owns 95,417 shares of the company’s stock worth $10,840,000 after purchasing an additional 3,676 shares during the period. Transcend Capital Advisors LLC acquired a new position in shares of Vertiv in the 4th quarter worth approximately $324,000. Finally, Bradley Foster & Sargent Inc. CT lifted its position in shares of Vertiv by 1.1% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 34,831 shares of the company’s stock worth $3,957,000 after purchasing an additional 362 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE VRT opened at $95.92 on Friday. Vertiv Holdings Co has a 52 week low of $61.25 and a 52 week high of $155.84. The company has a market cap of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm’s 50-day simple moving average is $120.90 and its two-hundred day simple moving average is $109.46.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 prior year, the business earned $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VRT. Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Mizuho boosted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.