World Equity Group Inc. Invests $205,000 in Vertiv Holdings Co (NYSE:VRT)

World Equity Group Inc. purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,806 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in VRT. International Assets Investment Management LLC increased its position in shares of Vertiv by 7,976.3% during the third quarter. International Assets Investment Management LLC now owns 145,454 shares of the company’s stock worth $14,471,000 after purchasing an additional 143,653 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Vertiv by 190.7% during the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock valued at $5,564,000 after buying an additional 36,684 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Vertiv during the third quarter valued at $214,000. Allworth Financial LP grew its holdings in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of Vertiv by 23.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,852 shares of the company’s stock valued at $483,000 after buying an additional 930 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VRT shares. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. TD Cowen boosted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four 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 currently has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Trading Down 5.2 %

Shares of Vertiv stock opened at $90.96 on Tuesday. The firm has a 50-day simple moving average of $120.20 and a two-hundred day simple moving average of $110.18. The company has a market cap of $34.14 billion, a P/E ratio of 71.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.