Bank of New York Mellon Corp Purchases 103,270 Shares of Vertiv Holdings Co (NYSE:VRT)

Bank of New York Mellon Corp lifted its position in Vertiv Holdings Co (NYSE:VRT) by 4.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,357,400 shares of the company’s stock after acquiring an additional 103,270 shares during the period. Bank of New York Mellon Corp’s holdings in Vertiv were worth $267,824,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VRT. Silverleafe Capital Partners LLC bought a new stake in Vertiv in the fourth quarter worth about $4,219,000. Foundations Investment Advisors LLC lifted its stake in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC boosted its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. Janney Capital Management LLC purchased a new position in Vertiv during the 3rd quarter valued at $8,403,000. Finally, Gordian Capital Singapore Pte Ltd grew its position in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. TD Cowen upped their target price 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. Barclays decreased their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Up 7.1 %

Vertiv stock opened at $98.42 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a market cap of $36.94 billion, a P/E ratio of 76.89, a P/E/G ratio of 1.07 and a beta of 1.64. The business has a fifty day moving average of $119.31 and a two-hundred day moving average of $110.24. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.