Convergence Investment Partners LLC Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Convergence Investment Partners LLC grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 104.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,630 shares of the company’s stock after acquiring an additional 7,480 shares during the period. Convergence Investment Partners LLC’s holdings in Vertiv were worth $1,662,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv in the 4th quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC grew its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv in the 4th quarter worth approximately $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,180 shares of company stock worth $20,997,311 in the last 90 days. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Up 2.0 %

Shares of VRT stock opened at $110.16 on Wednesday. The stock has a market cap of $41.35 billion, a P/E ratio of 86.06, a PEG ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company’s fifty day simple moving average is $122.27 and its two-hundred day simple moving average is $109.31.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 69.69%. During the same period in the previous year, the company posted $0.56 EPS. Analysts predict that Vertiv Holdings Co will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. 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 stock currently has a consensus rating of “Moderate Buy” and an average 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.