Fidelis Capital Partners LLC Purchases New Holdings in Vertiv Holdings Co (NYSE:VRT)

Fidelis Capital Partners LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,133 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in shares of Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after buying an additional 84 shares in the last quarter. Accurate Wealth Management LLC grew its position in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after purchasing an additional 117 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock valued at $95,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VRT shares. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Mizuho increased their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Price Performance

NYSE:VRT opened at $86.36 on Wednesday. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. 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 firm’s 50-day simple moving average is $117.05 and its 200 day simple moving average is $110.79. The firm has a market cap of $32.41 billion, a price-to-earnings ratio of 67.47, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $0.56 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.