Richard W. Paul & Associates LLC Has $559,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

Richard W. Paul & Associates LLC trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,917 shares of the company’s stock after selling 115 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Vertiv were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in VRT. Jennison Associates LLC raised its holdings in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP increased its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP raised its holdings in Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Vertiv during the 3rd quarter worth about $110,517,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Vertiv during the 3rd quarter valued at about $93,481,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of NYSE VRT opened at $95.09 on Friday. The firm has a market capitalization 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 has a fifty day simple moving average of $118.34 and a 200 day simple moving average of $110.27. 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 (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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the business posted $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VRT. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, TD Cowen lifted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average 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.