Rhumbline Advisers Lowers Stake in Vertiv Holdings Co (NYSE:VRT)

Rhumbline Advisers lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 478,295 shares of the company’s stock after selling 6,661 shares during the period. Rhumbline Advisers’ holdings in Vertiv were worth $54,339,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter valued at approximately $26,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv in the third quarter worth $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 1.0 %

VRT stock opened at $108.18 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The stock has a market capitalization of $40.60 billion, a price-to-earnings ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The firm’s fifty day simple moving average is $122.86 and its two-hundred day simple moving average is $108.79.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on VRT shares. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Evercore ISI lowered their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Barclays lowered their target price on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday. Bank of America upped their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 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.