Vertiv Holdings Co (NYSE:VRT) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in Vertiv Holdings Co (NYSE:VRT) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533,967 shares of the company’s stock after acquiring an additional 93,806 shares during the quarter. US Bancorp DE owned about 0.14% of Vertiv worth $60,664,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv in the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC lifted 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 period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Barclays cut their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. 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 equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Up 2.9 %

Shares of Vertiv stock opened at $95.09 on Friday. The company has a fifty day moving average price of $118.34 and a 200 day moving average price of $110.51. 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 Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 last year, the company earned $0.56 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Profile

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.