Vertiv Holdings Co (NYSE:VRT) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,075,749 shares of the company’s stock after selling 484,437 shares during the period. Vertiv makes up approximately 9.9% of New South Capital Management Inc.’s investment portfolio, making the stock its biggest position. New South Capital Management Inc. owned 0.55% of Vertiv worth $235,826,000 at the end of the most recent quarter.

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

Vertiv Stock Performance

Shares of Vertiv stock opened at $87.78 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71. The company’s fifty day moving average is $116.43 and its 200 day moving average is $110.63. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the company earned $0.56 EPS. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on VRT shares. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $137.14.

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.