Aigen Investment Management LP Takes $1.16 Million Position in Vertiv Holdings Co (NYSE:VRT)

Aigen Investment Management LP acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,226 shares of the company’s stock, valued at approximately $1,162,000.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Vertiv in the fourth quarter worth $14,495,000. M&T Bank Corp lifted its position in Vertiv by 2.9% during the fourth quarter. M&T Bank Corp now owns 36,936 shares of the company’s stock valued at $4,196,000 after buying an additional 1,025 shares during the period. Assetmark Inc. lifted its position in Vertiv by 2,000.0% during the fourth quarter. Assetmark Inc. now owns 546 shares of the company’s stock valued at $62,000 after buying an additional 520 shares during the period. Cookson Peirce & Co. Inc. lifted its position in Vertiv by 55.7% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 13,339 shares of the company’s stock valued at $1,515,000 after buying an additional 4,774 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Vertiv by 56.2% during the fourth quarter. Victory Capital Management Inc. now owns 642,976 shares of the company’s stock valued at $73,049,000 after buying an additional 231,465 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE:VRT opened at $87.78 on Thursday. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The business has a 50-day simple moving average of $116.43 and a two-hundred day simple moving average of $110.63. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 68.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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. On average, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

VRT has been the subject of several recent research reports. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. 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 research report on Tuesday, November 19th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $137.14.

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.