Meridian Wealth Management LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Meridian Wealth Management LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,325 shares of the company’s stock, valued at approximately $2,536,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv in the 4th quarter valued at $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 purchasing 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 purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Vertiv in the 4th quarter valued at $34,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VRT shares. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Barclays cut their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.14.

Vertiv Stock Down 10.2 %

Shares of NYSE:VRT opened at $85.49 on Tuesday. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 66.79, a P/E/G ratio of 1.07 and a beta of 1.64. 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 business’s 50-day moving average is $117.70 and its 200-day moving average is $110.74. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 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 period last year, the business posted $0.56 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.