IFP Advisors Inc Has $814,000 Position in Vertiv Holdings Co (NYSE:VRT)

IFP Advisors Inc raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 462.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,161 shares of the company’s stock after acquiring an additional 5,888 shares during the quarter. IFP Advisors Inc’s holdings in Vertiv were worth $814,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Castle Hook Partners LP lifted its stake in shares of Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after buying an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $110,517,000. Finally, Blue Whale Capital LLP bought a new stake in shares of Vertiv during the 3rd quarter worth $93,481,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Down 6.5 %

Shares of VRT stock opened at $92.18 on Friday. 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 stock has a fifty day moving average price of $118.84 and a 200 day moving average price of $110.12. The stock has a market cap of $34.60 billion, a P/E ratio of 72.02, a price-to-earnings-growth 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, 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 quarter in the prior year, the business posted $0.56 earnings per share. Analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Barclays lowered their target price on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.