TCW Group Inc. Sells 7,198 Shares of Vertiv Holdings Co (NYSE:VRT)

TCW Group Inc. decreased its position in Vertiv Holdings Co (NYSE:VRT) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,189 shares of the company’s stock after selling 7,198 shares during the period. TCW Group Inc. owned approximately 0.13% of Vertiv worth $55,804,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after purchasing an additional 87 shares in the last quarter. Allworth Financial LP raised its position in Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares during the last quarter. Bouvel Investment Partners LLC raised its position in Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after buying an additional 117 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after buying an additional 121 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Trading Down 8.5 %

Shares of NYSE:VRT opened at $95.92 on Friday. The stock has a 50 day moving average of $120.90 and a 200 day moving average of $109.74. The company has a market cap of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. 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 Holdings Co has a 12-month low of $61.25 and a 12-month high of $155.84.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Four equities research 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.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $138.57.

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.