Flputnam Investment Management Co. Increases Position in Vertiv Holdings Co (NYSE:VRT)

Flputnam Investment Management Co. lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,550 shares of the company’s stock after buying an additional 6,903 shares during the period. Flputnam Investment Management Co.’s holdings in Vertiv were worth $9,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA lifted its position in Vertiv by 67.7% during the 4th quarter. Private Trust Co. NA now owns 3,693 shares of the company’s stock worth $420,000 after acquiring an additional 1,491 shares during the period. First American Bank raised its stake in shares of Vertiv by 2.8% during the fourth quarter. First American Bank now owns 62,382 shares of the company’s stock worth $7,087,000 after purchasing an additional 1,691 shares during the last quarter. Fort Sheridan Advisors LLC lifted its holdings in shares of Vertiv by 8.9% during the fourth quarter. Fort Sheridan Advisors LLC now owns 3,840 shares of the company’s stock worth $436,000 after purchasing an additional 315 shares during the period. QRG Capital Management Inc. grew its position in Vertiv by 62.3% in the 4th quarter. QRG Capital Management Inc. now owns 40,225 shares of the company’s stock valued at $4,570,000 after buying an additional 15,438 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Vertiv in the 4th quarter valued at $1,000,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 2.9 %

VRT opened at $95.09 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $35.69 billion, a price-to-earnings ratio of 74.29, a PEG ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The business’s fifty day moving average is $118.34 and its two-hundred day moving average is $110.27.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS 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 last year, the firm posted $0.56 EPS. Analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VRT shares. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. 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. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.