Bradley Foster & Sargent Inc. CT Has $3.96 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Bradley Foster & Sargent Inc. CT lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,831 shares of the company’s stock after buying an additional 362 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Vertiv were worth $3,957,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Paradigm Asset Management Co. LLC bought a new stake in Vertiv during the 4th quarter worth $227,000. Summerhill Capital Management lnc. grew its holdings in shares of Vertiv by 0.6% during the fourth quarter. Summerhill Capital Management lnc. now owns 63,160 shares of the company’s stock worth $7,176,000 after purchasing an additional 400 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Vertiv by 9.3% in the fourth quarter. Allianz Asset Management GmbH now owns 425,185 shares of the company’s stock valued at $48,305,000 after buying an additional 36,056 shares during the period. Prakash Investment Advisors LLC bought a new position in Vertiv in the 4th quarter valued at approximately $411,000. Finally, ING Groep NV acquired a new stake in Vertiv during the 4th quarter worth approximately $19,030,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of VRT stock opened at $95.92 on Friday. 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 Holdings Co has a 52 week low of $61.25 and a 52 week high of $155.84. The firm has a 50 day moving average of $120.90 and a 200-day moving average of $109.46. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period in the prior year, the company earned $0.56 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

VRT has been the subject of several recent research reports. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on 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 completion of the sale, the executive vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the business’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 sale, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

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.