Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Mission Wealth Management LP

Mission Wealth Management LP lifted its position in Vertiv Holdings Co (NYSE:VRT) by 121.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,178 shares of the company’s stock after acquiring an additional 2,843 shares during the period. Mission Wealth Management LP’s holdings in Vertiv were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter valued at $26,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in shares of Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VRT shares. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $137.14.

Vertiv Trading Up 1.1 %

Shares of Vertiv stock opened at $86.36 on Wednesday. The firm has a market capitalization of $32.41 billion, a PE ratio of 67.47, a P/E/G ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The firm’s 50-day moving average price is $117.05 and its 200 day moving average price is $110.79. 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 quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.56 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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.