Vertiv Holdings Co (NYSE:VRT) Stake Boosted by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 92.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313 shares of the company’s stock after acquiring an additional 150 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Vertiv were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new position in Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter worth approximately $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRT. Mizuho raised their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Bank of America increased their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Insider Activity at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, 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. Over the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company’s stock.

Vertiv Stock Down 1.0 %

Shares of VRT stock opened at $108.18 on Tuesday. Vertiv Holdings Co has a 12 month low of $55.00 and a 12 month 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 firm has a market cap of $40.60 billion, a PE ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The stock has a 50 day moving average of $122.50 and a 200-day moving average of $109.03.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 company posted $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 2.7 EPS for the current 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.