Vertiv Holdings Co (NYSE:VRT) Position Reduced by Amalgamated Bank

Amalgamated Bank reduced its position in Vertiv Holdings Co (NYSE:VRT) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,880 shares of the company’s stock after selling 149 shares during the quarter. Amalgamated Bank’s holdings in Vertiv were worth $2,713,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% in the third 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 period. Brooklyn Investment Group purchased a new position in shares of Vertiv during the third quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on VRT shares. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Barclays cut their target price on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Citigroup boosted their price target 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, TD Cowen upped their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Stock Performance

Shares of NYSE VRT opened at $95.09 on Friday. The business’s 50-day simple moving average is $118.34 and its 200-day simple moving average is $110.51. 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 Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 74.29, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its quarterly earnings results 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 quarter in the prior year, the firm earned $0.56 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.