Oppenheimer Asset Management Inc. Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Oppenheimer Asset Management Inc. increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,220 shares of the company’s stock after buying an additional 4,984 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vertiv were worth $3,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VRT. Jennison Associates LLC lifted its holdings in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the period. Wellington Management Group LLP increased its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP raised its stake in Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after purchasing an additional 1,273,746 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in shares of Vertiv during the 3rd quarter valued at $93,481,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE:VRT opened at $95.09 on Friday. The firm has a 50-day moving average of $118.34 and a two-hundred day moving average of $110.51. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market cap of $35.69 billion, a P/E ratio of 74.29, a PEG ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $0.56 earnings per share. On average, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research analyst reports. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Mizuho increased 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. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price 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.