AlphaCentric Advisors LLC Cuts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

AlphaCentric Advisors LLC reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 14.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,167 shares of the company’s stock after selling 204 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Vertiv were worth $133,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the 4th quarter worth approximately $26,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv during the 3rd quarter valued at $30,000. Finally, OLD Second National Bank of Aurora bought a new stake in Vertiv in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VRT. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Price Performance

Shares of NYSE VRT opened at $108.18 on Tuesday. The company has a 50 day simple moving average of $122.50 and a two-hundred day simple moving average of $109.03. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The company has a market capitalization of $40.60 billion, a price-to-earnings ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 return on equity of 55.33% and a net margin of 7.72%. During the same quarter last year, the firm posted $0.56 earnings per share. Analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is owned by insiders.

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.