Vertiv Holdings Co (NYSE:VRT) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its stake in Vertiv Holdings Co (NYSE:VRT) by 30.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 739 shares of the company’s stock after selling 318 shares during the period. Cullen Frost Bankers Inc.’s holdings in Vertiv were worth $84,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VRT. Jennison Associates LLC boosted its holdings in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP boosted its holdings in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in Vertiv in the 3rd quarter valued at $93,481,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $85.16 on Monday. The company has a 50-day simple moving average of $115.09 and a 200-day simple moving average of $110.94. 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 company has a market capitalization of $32.43 billion, a PE ratio of 66.53, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm posted $0.56 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on VRT shares. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday. They issued an “outperform” rating and a $121.00 price target for the company. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $136.07.

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.