Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,751 shares of the company’s stock after acquiring an additional 155 shares during the period. Lake Street Advisors Group LLC’s holdings in Vertiv were worth $653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the fourth quarter worth about $26,000. Mark Sheptoff Financial Planning LLC lifted 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 worth $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Vertiv in the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on VRT shares. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Barclays reduced their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Trading Down 6.5 %

Shares of VRT stock opened at $92.18 on Friday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The firm has a market capitalization of $34.60 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The stock has a fifty day moving average of $118.84 and a two-hundred day moving average of $110.12. 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 posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

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.