Handelsbanken Fonder AB Buys 51,074 Shares of Vertiv Holdings Co (NYSE:VRT)

Handelsbanken Fonder AB raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 384,674 shares of the company’s stock after acquiring an additional 51,074 shares during the period. Handelsbanken Fonder AB’s holdings in Vertiv were worth $43,703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter valued at $30,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Vertiv by 200.0% in 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 period. Finally, FNY Investment Advisers LLC bought a new position in shares of Vertiv in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,180 shares of company stock valued at $20,997,311 over the last 90 days. Company insiders own 5.01% of the company’s stock.

Vertiv Price Performance

VRT opened at $107.64 on Thursday. The company’s 50-day simple moving average is $121.91 and its two-hundred day simple moving average is $109.30. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84. The stock has a market capitalization of $40.40 billion, a P/E ratio of 84.10, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 69.69%. During the same period in the previous year, the company earned $0.56 EPS. As a group, analysts predict that Vertiv Holdings Co will post 3.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VRT shares. Melius Research restated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. TD Cowen upped their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays lowered their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group increased their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America lifted their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.