Transcend Capital Advisors LLC Takes $324,000 Position in Vertiv Holdings Co (NYSE:VRT)

Transcend Capital Advisors LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,851 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in Vertiv by 42.2% in the third quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company’s stock worth $613,000 after purchasing an additional 1,830 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Vertiv by 7,976.3% in the third quarter. International Assets Investment Management LLC now owns 145,454 shares of the company’s stock worth $14,471,000 after purchasing an additional 143,653 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Vertiv by 39.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,450 shares of the company’s stock worth $1,338,000 after purchasing an additional 3,772 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after purchasing an additional 36,684 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Vertiv in the third quarter worth approximately $214,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on VRT shares. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, TD Cowen increased their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Performance

VRT opened at $95.92 on Monday. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a PEG ratio of 1.07 and a beta of 1.64. The company has a fifty day moving average of $120.90 and a 200 day moving average of $110.04. Vertiv Holdings Co has a fifty-two week low of $61.25 and a fifty-two week 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.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $0.56 earnings per share. As a group, sell-side analysts forecast 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.