Bradley Foster & Sargent Inc. CT Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Bradley Foster & Sargent Inc. CT boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,831 shares of the company’s stock after buying an additional 362 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Vertiv were worth $3,957,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VRT. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the fourth quarter valued at about $26,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its stake in 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 buying an additional 200 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the 4th quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VRT shares. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Melius lowered 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. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, TD Cowen boosted 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Trading Down 8.5 %

Shares of VRT stock opened at $95.92 on Friday. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a PEG ratio of 1.10 and a beta of 1.64. The company’s fifty day simple moving average is $120.90 and its two-hundred day simple moving average is $109.46. Vertiv Holdings Co has a 1 year low of $61.25 and a 1 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.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.56 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Transactions at Vertiv

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

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.