Vertiv Holdings Co (NYSE:VRT) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,700 shares of the company’s stock after selling 307 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Vertiv were worth $3,146,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VRT. Mn Services Vermogensbeheer B.V. grew its position in shares of Vertiv by 4.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 144,500 shares of the company’s stock worth $16,417,000 after buying an additional 5,500 shares in the last quarter. Nwam LLC lifted its stake in Vertiv by 4.2% during the fourth quarter. Nwam LLC now owns 43,060 shares of the company’s stock worth $4,892,000 after purchasing an additional 1,744 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $107,000. Advisor OS LLC grew its position in shares of Vertiv by 17.6% in the 4th quarter. Advisor OS LLC now owns 2,766 shares of the company’s stock valued at $314,000 after buying an additional 414 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Vertiv by 2.8% during the 4th quarter. Lake Street Advisors Group LLC now owns 5,751 shares of the company’s stock worth $653,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT stock opened at $92.18 on Friday. The firm has a market capitalization of $34.60 billion, a price-to-earnings ratio of 72.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The company has a 50 day moving average price of $118.84 and a 200 day moving average price of $110.12. Vertiv Holdings Co has a one year low of $62.40 and a one year 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.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period last year, the company posted $0.56 EPS. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRT. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. 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. Finally, Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four investment 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, the stock has a consensus 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.