Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its stake in Vertiv Holdings Co (NYSE:VRT) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 144,500 shares of the company’s stock after purchasing an additional 5,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Vertiv were worth $16,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. Allworth Financial LP lifted its position in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Vertiv by 1.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company’s stock worth $2,636,000 after acquiring an additional 400 shares during the last quarter. abrdn plc increased its holdings in shares of Vertiv by 110.2% in the 3rd quarter. abrdn plc now owns 101,498 shares of the company’s stock worth $10,098,000 after acquiring an additional 53,217 shares during the period. New York State Teachers Retirement System lifted its position in Vertiv by 19.9% in the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock valued at $3,112,000 after purchasing an additional 5,187 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Vertiv by 47.2% during the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock valued at $406,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 6.5 %

NYSE VRT opened at $92.18 on Friday. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a market capitalization of $34.60 billion, a price-to-earnings ratio of 72.02, a PEG ratio of 1.07 and a beta of 1.64. The stock’s 50 day moving average is $118.84 and its two-hundred day moving average is $110.12. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued 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 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm posted $0.56 EPS. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.57.

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.