Union Bancaire Privee UBP SA Makes New $2.97 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Union Bancaire Privee UBP SA bought a new position in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,092 shares of the company’s stock, valued at approximately $2,970,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC increased its holdings in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. State Street Corp grew its holdings in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after acquiring an additional 308,704 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after acquiring an additional 408,054 shares during the period. Wellington Management Group LLP grew its holdings in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.01% of the company’s stock.

Vertiv Price Performance

Shares of Vertiv stock opened at $95.92 on Monday. The stock’s 50-day simple moving average is $120.90 and its 200-day simple moving average is $110.04. Vertiv Holdings Co has a 52 week low of $61.25 and a 52 week high of $155.84. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a PEG ratio of 1.07 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the business earned $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on VRT shares. Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Barclays cut their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.