6,824 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,824 shares of the company’s stock, valued at approximately $591,000. Vertiv comprises 7.5% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Vertiv during the fourth quarter valued at $185,339,000. Price T Rowe Associates Inc. MD lifted its position in shares of Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares in the last quarter. Coatue Management LLC boosted its holdings in shares of Vertiv by 19.5% during the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after purchasing an additional 2,249,353 shares during the period. Vanguard Group Inc. increased its stake in Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after buying an additional 1,766,784 shares during the period. Finally, Castle Hook Partners LP purchased a new stake in Vertiv in the 1st quarter worth approximately $135,987,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 9.4 %

NYSE VRT opened at $75.20 on Wednesday. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $109.27. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a market cap of $28.21 billion, a PE ratio of 72.31, a PEG ratio of 1.08 and a beta of 1.58. The firm has a 50-day simple moving average of $81.48 and a 200 day simple moving average of $83.93.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. On average, research analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America raised their target price on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. TD Cowen upped their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $96.22.

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.