Sigma Planning Corp Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

Sigma Planning Corp lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,480 shares of the company’s stock after purchasing an additional 6,799 shares during the period. Sigma Planning Corp’s holdings in Vertiv were worth $2,895,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Fifth Third Bancorp increased its stake in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Accurate Wealth Management LLC increased its stake in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after purchasing an additional 87 shares in the last quarter. Allworth Financial LP increased its stake in shares of Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares in the last quarter. Bouvel Investment Partners LLC increased its stake in shares of Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after purchasing an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Vertiv by 16.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after purchasing an additional 121 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Down 8.5 %

Shares of NYSE VRT opened at $95.92 on Friday. Vertiv Holdings Co has a 52-week low of $61.25 and a 52-week high of $155.84. The firm has a fifty day moving average of $120.90 and a 200-day moving average of $109.74. The stock has a market capitalization of $36.00 billion, a PE ratio of 74.93, a P/E/G ratio of 1.07 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.56 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insider Activity

In related news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 19,551 shares of the company’s stock, 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. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Mizuho boosted 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, The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.57.

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.