Convergence Investment Partners LLC Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Convergence Investment Partners LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 104.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,630 shares of the company’s stock after acquiring an additional 7,480 shares during the period. Convergence Investment Partners LLC’s holdings in Vertiv were worth $1,662,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter worth $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC increased 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 purchasing an additional 200 shares during the period. Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth $30,000. Finally, OLD Second National Bank of Aurora bought 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.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’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 completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,180 shares of company stock worth $20,997,311 over the last three months. Company insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRT. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report 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 on the stock in a report on Thursday, February 13th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Four research 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Performance

Vertiv stock opened at $110.16 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a 50-day moving average of $122.27 and a 200-day moving average of $109.31. The firm has a market cap of $41.35 billion, a P/E ratio of 86.06, a P/E/G ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results 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 net margin of 6.19% and a return on equity of 69.69%. During the same quarter last year, the company earned $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.58 EPS for the current year.

Vertiv 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.