LDR Capital Management LLC Purchases Shares of 8,817 Vertiv Holdings Co (NYSE:VRT)

LDR Capital Management LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,817 shares of the company’s stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new position in Vertiv in the fourth quarter valued at about $4,219,000. Foundations Investment Advisors LLC lifted its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Janney Capital Management LLC acquired a new position in shares of Vertiv during the third quarter worth approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its position in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VRT shares. Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Performance

NYSE VRT opened at $95.92 on Friday. The firm has a 50-day moving average of $120.90 and a 200-day moving average of $109.46. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market cap of $36.00 billion, a PE ratio of 74.93, a P/E/G ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 52-week low of $61.25 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 61.41%. During the same quarter last year, the business earned $0.56 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

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.