Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,417 shares of the company’s stock after acquiring an additional 3,676 shares during the quarter. Vertiv comprises about 1.3% of Navellier & Associates Inc.’s holdings, making the stock its 15th largest position. Navellier & Associates Inc.’s holdings in Vertiv were worth $10,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter valued at $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC raised 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 acquired a new position in Vertiv in the fourth quarter valued at $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VRT shares. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. 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 research note 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 on the stock in a research note on Thursday, February 13th. Finally, UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Down 8.5 %

Shares of NYSE VRT opened at $95.92 on Friday. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a PEG ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a 1 year low of $61.25 and a 1 year high of $155.84. 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 stock’s 50-day simple moving average is $120.90 and its 200-day simple moving average is $109.46.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.