Versor Investments LP Invests $1 Million in Vertiv Holdings Co (NYSE:VRT)

Versor Investments LP acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,800 shares of the company’s stock, valued at approximately $1,000,000.

Other hedge funds have also recently made changes to their positions in the company. Silverleafe Capital Partners LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC lifted its stake in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Janney Capital Management LLC purchased a new stake in Vertiv in the third quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd raised its stake in Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Down 6.5 %

Vertiv stock opened at $92.18 on Friday. The firm has a market cap of $34.60 billion, a price-to-earnings ratio of 72.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The business’s 50-day moving average price is $118.84 and its 200 day moving average price is $110.12. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $0.56 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Citigroup increased their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Company 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.