Vertiv Holdings Co (NYSE:VRT) Sees Significant Drop in Short Interest

Vertiv Holdings Co (NYSE:VRT) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 10,990,000 shares, a decline of 23.7% from the January 31st total of 14,410,000 shares. Based on an average daily volume of 8,850,000 shares, the days-to-cover ratio is currently 1.2 days.

Vertiv Trading Down 10.2 %

Shares of VRT opened at $85.49 on Tuesday. The business’s 50-day moving average price is $117.70 and its 200 day moving average price is $110.74. The stock has a market capitalization of $32.09 billion, a P/E ratio of 66.79, a P/E/G ratio of 1.07 and a beta of 1.64. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84. 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, topping 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 previous year, the company posted $0.56 EPS. Analysts expect that Vertiv will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VRT shares. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $137.14.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the 4th quarter worth about $597,379,000. Jennison Associates LLC grew its stake in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Norges Bank purchased a new position in Vertiv during the 4th quarter valued at about $391,777,000. Wellington Management Group LLP grew its stake in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after acquiring an additional 1,928,275 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.